IMF staff discussed Senegal’s significant debt vulnerabilities with the Senegalese authorities and provided analysis and advice on options to address these challenges, while decisions on debt operations remain Senegal’s sovereign choice.
“We do recognize concerns that have been raised by some of the stakeholders of Senegal's debt during the recent staff visit. Just to remind, staff and the authorities, of course, discussed the significant debt vulnerabilities that Senegal faces. Total public debt is estimated at 132% of GDP at end 2024. And so of course, those discussions that the IMF staff and the Senegalese authorities have had included options for how to address the challenges arising from the high level of public debt. And this is, of course, what our role is at the IMF: to provide expert analysis and also to provide advice for the authorities to consider. But once again, you know, the nature and the choice of specific debt operations, whether to seek a restructuring for obligations, does remain, you know, a sovereign decision for Senegal.” said Julie Kozack, Director of the IMF’s Communications Department in a press briefing held today, December 3, 2025.
IMF staff are working with Jamaican authorities to seek IMF’s Executive Board approval early next year for emergency financing of up to $415 million under the RFI.
“Jamaica is eligible to access this emergency financing. As I said, the amount is up to 415 million U.S. dollars. And because it is an emergency instrument, there's no conditionality associated with the RFI, as we call it. Our team is working closely with the authorities and we're aiming to seek executive Board approval for the RFI early next year. It comes in one single disbursement. So once the Executive Board approves it, the disbursement would be made, and it would come as one disbursement. And as we announced recently, we are coordinating closely with the development partners and, of course, the Jamaican authorities. There was a joint discussion with other development partners and the prime minister of Jamaica just a few days ago. And we are working with other development partners to assemble a comprehensive package of up to 6.7 billion U.S. dollars over three years, to help strengthen Jamaica's recovery,” added Kozack.
To watch the full press briefing, click here.
