IMF agrees new $2.2 billion credit program with Senegal

DAKAR, Senegal — The International Monetary Fund announced on Tuesday that it has reached agreement with Senegal on a new $2.2 billion credit program, replacing a previous arrangement that had been suspended. The Fund said the program is designed to support Senegal's macroeconomic stability framework and help finance the budget deficit. According to the IMF, the credit is intended to meet the country's balance of payments needs while strengthening international reserves and backing sustainable growth. Officials said the new program builds on prior engagement with Senegal and responds to ongoing fiscal and external pressures. The parties said formal approval of the agreement is expected to be completed in the coming period. No further details on the timeline or disbursement schedule were immediately available.