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Senegal Dismisses PM, IMF Halts $1.8B Aid, Subsidy Threat

5/23/2026

30 3 Full Breakdown

Summary

Story summary

President Bassirou Diomaye Faye dismissed Prime Minister Ousmane Sonko and dissolved Senegal’s government.
The International Monetary Fund froze a $1.8 billion lending program after discovering misreported debt, which raised Senegal’s debt to 132% of output.
Finance Minister Cheikh Diba warned the fuel subsidy bill could exceed the 2026 budget by 1.15 trillion CFA francs if oil reaches $115 per barrel.

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Story summary

President Bassirou Diomaye Faye dismissed Prime Minister Ousmane Sonko and dissolved Senegal’s government.
The International Monetary Fund froze a $1.8 billion lending program after discovering misreported debt, which raised Senegal’s debt to 132% of output.
Finance Minister Cheikh Diba warned the fuel subsidy bill could exceed the 2026 budget by 1.15 trillion CFA francs if oil reaches $115 per barrel.