| IMF
Upbeat on Senegal After Faye Georgieva
Meeting As Inner City Press Asks of
Clarity
by
Matthew Russell Lee, Patreon Substack
NYC / DC, May 14
– Amid controversy about
Senegal and the IMF, Inner
City Press on May 13 asked the
IMF, "Prime Minister Ousmane
Sonko last year said the IMF
wanted Senegal to restructure
its debt and that the
government would resist such a
move, calling it "a disgrace"
- where do things stand now,
with President Faye?"
An
IMF spokesperson hours later
provided Inner City Press this
answer:
"On
debt‑restructuring: As
previously clarified. IMF
staff have exchanged views on
options to address fiscal and
debt sustainability. Our
engagement focuses on standard
analytical
work—debt‑sustainability
assessments, macroeconomic
outlook, and policy
discussions. Any decisions
regarding a credible debt
strategy rest entirely with
the Senegalese
authorities.
The IMF remains
closely engaged with the
Senegalese authorities,
including following the recent
discussions between President
Faye and Managing Director
Georgieva. Engagement will
continue through upcoming IMF
missions, which are part of
our regular and ongoing
dialogue with the
authorities.
At this stage, we
do not have a specific date to
share for the next mission.
These discussions will focus
on advancing the technical
work—particularly, reviewing
the macroeconomic outlook, and
discussing the policy and
reform priorities needed to
address Senegal’s significant
debt
vulnerabilities.
The Fund’s role
is to provide rigorous
analysis and policy advice for
the authorities’
consideration. Decisions on
the path forward rest with the
Senegalese authorities. We
remain firmly committed to
supporting Senegal in these
efforts, with the objective of
helping restore macroeconomic
stability and fostering
sustainable and inclusive
growth for the benefit of all
Senegalese people."
There is an IMF's
embargoed briefing later on
May 14; alongside and perhaps
linked, Inner City Press is
watching the crypto CLARITY
Act mark-up on Capitol Hill.
Watch this site.
After the failure
of Silicon Valley Bank and
Signature Bank in USA, the
International Monetary Fund
warned of more trouble, just
as NYCB teetered. Inner City
Press on March 7, 2024 asked
the IMF about it, video here.
Now on
April 14, 2026, Inner City
Press at the IMF's Spring
Meetings asked Tobias Adrian
about Anthropic's Mythos and
the danger posed - what
guidance if any does the IMF,
which has had so many opinions
on crypto at least to El
Salvador, have on this one?
Adrian
said the IMF has been working
on this for some time. He did
not directly opine, as the
World Bank and IMF are
generally not going on the
conflicts around Iran. Still,
they let the Press in (and
treat it well), compared to
today's UN which literally
roughs up and bans the Press.
We'll have more on this.
In the run-up to
the IMF's and World Bank's
Spring meetings Inner City
Press put in questions about
Gabon requesting a program,
and the impact of the Iran war
on oil prices, specifically on
Republic of Congo.
The
Spokesperson said the IMF
calling it a conflict and not
a war was just "terminology,
nothing behind it." She said
the high in the price of oil
might help the economies of
some countries
***
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