A new lending programme has been agreed upon between Senegal and the International Monetary Fund. The programme is valued at $2.2 billion, equivalent to €1.9 billion. This agreement comes nearly two years after a previous deal was suspended.

The suspension was a result of the discovery of previously unreported public debt in Senegal. Further details about the new programme and its implications are available from the source.

The staff-level agreement marks a new development in the relationship between Senegal and the International Monetary Fund, following the debt scandal that led to the suspension of the earlier deal.