{"id":2723,"date":"2025-03-26T10:05:52","date_gmt":"2025-03-26T10:05:52","guid":{"rendered":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/imf-confirms-court-of-auditors-findings-reveals-hidden-debt-of-4-585-trillion-cfa-francs-7-billion\/"},"modified":"2025-03-26T10:05:52","modified_gmt":"2025-03-26T10:05:52","slug":"imf-confirms-court-of-auditors-findings-reveals-hidden-debt-of-4-585-trillion-cfa-francs-7-billion","status":"publish","type":"post","link":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/imf-confirms-court-of-auditors-findings-reveals-hidden-debt-of-4-585-trillion-cfa-francs-7-billion\/","title":{"rendered":"IMF Confirms Court of Auditors’ Findings, Reveals Hidden Debt of 4.585 Trillion CFA Francs ($7 Billion)"},"content":{"rendered":"
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The International Monetary Fund (IMF) has confirmed the figures recently released by Senegal’s Court of Auditors. They reveal that a significant portion of the country’s debt, amounting to 4.585 trillion CFA francs ($7 Billion), was concealed under President Macky Sall’s administration.<\/div>\n<\/div>\n
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Edward Gemayel, head of the IMF delegation, stated, “There was a very conscious decision to underestimate the debt stock. So we agree with the conclusion of the Court of Auditors’ report. “<\/div>\n<\/div>\n
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The IMF explained that over the past five years, the government understated the national debt to maintain a favourable financial position, enabling Senegal to raise additional funds. Gemayel further elaborated, “There is an underestimation. We have a portion of the debt that was hidden, and this allowed the authorities to borrow more on the markets, to send a more positive signal to the financial markets, and also to borrow at more favourable rates than those rates would have been if the debt were higher.”<\/div>\n<\/div>\n
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During Macky Sall\u2019s final term in office, the IMF approved a 1.179 trillion CFA franc program. However, following the revelations by the Court of Auditors, the IMF suspended this program. In the coming weeks, the IMF will decide whether to approve a new agreement with the government of President Diomaye Faye or demand repayment of the amounts already disbursed under the previous administration.<\/div>\n<\/div>\n
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Story by Seneweb.com<\/a><\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund (IMF) has confirmed the figures recently released by Senegal’s Court…<\/p>\n","protected":false},"author":1,"featured_media":18,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-2723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/posts\/2723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/comments?post=2723"}],"version-history":[{"count":0,"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/posts\/2723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/media\/18"}],"wp:attachment":[{"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/media?parent=2723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/categories?post=2723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projects.techhivetechnologies.com\/blocktvgambia\/wp-json\/wp\/v2\/tags?post=2723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}