Senegal Aims to Ramp Up Tax Revenue to Win New IMF Program (1)

Senegal said strong first-quarter tax collection would boost its chances of securing a new International Monetary Fund program, while avoiding a painful restructuring of its debts.

“If during the first quarter of 2026 we’re able to show that we have achieved at least 25% of our targeted tax revenue, that changes the game,” Ahmadou Al Aminou Lo, Minister of State to President Bassirou Diomaye Faye, told public broadcaster RTS on Monday.

The city skyline in Dakar, Senegal, on Thursday, Feb. 8, 2024

Photographer: Annika Hammerschlag/Bloomberg

“It changes the game because it will lend credibility to what we are presenting to the IMF as the projected macroeconomic framework,” he added, referring to the ...