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Senegal: IMF clears path for $2.2bn deal as Dakar agrees to restructure its debt
After more than two years of negotiations, at times acrimonious, Senegal and the International Monetary Fund finally reached an agreement on September 1. At the end of the Fund’s eighth mission since Bassirou Diomaye Faye was elected president, IMF staff and the Senegalese authorities struck a staff-level agreement paving the way for a new $2.2bn financing programme over 36 months, according to a statement from the Fund. [...]