This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Senegal and the IMF. Additional information can be found on Senegal and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Senegal.

Senegal and the IMF

Back to Top

At a Glance

  • Current IMF membership: 191 countries
  • Senegal joined the Fund on September 28, 1963
  • Total Quotas: SDR 323.6 Million 
  • Outstanding Purchases and Loans: SDR 9.71 Million (June 30, 2019)
  • Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria (Country Report No. 19/27, January 28, 2019)
  • IMF Staff Concludes a Staff-Level Agreement with Senegal Under the Policy Coordination Instrument

Back to Top

News and Highlights

More

Back to Top

Senegal and the IMF

Back to Top

Regional Economic Outlook

October 25, 2024

Regional Economic Outlook: Sub-Saharan Africa: Reforms amid Great Expectations, October 2024

Reforms amid Great Expectations

Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Read the Report

Back to Top

Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF

Back to Top

Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.