The meetings and timing
An IMF spokesperson, in an email Monday, said the two are slated to meet in Washington on Tuesday and will discuss "recent economic developments and Senegal's economic reform program." Senegal's state broadcaster RTS said late Sunday that Faye also plans to sit down with World Bank officials while in the US capital. According to the presidency, he's in Washington on a working trip aimed at deepening the country's economic and financial ties.
The funding and debt picture
Earlier this month, Senegal reached staff-level consensus on an IMF package worth $2.2 billion, which still needs the executive board's sign off. Dakar also plans to seek a restructuring of its obligations through the Group of 20 Common Framework, as it grapples with a total debt load inflated by billions of dollars in previously undisclosed loans.
What officials have said
Speaking last week, the IMF's Julie Kozack said the fund could greenlight a new program for Senegal even before the debt reprofiling process is completed. The presidency added that Faye will travel to Abu Dhabi on Sept. 16 for a trip focused on strengthening bilateral relations and advancing joint economic initiatives with the United Arab Emirates.
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