The IMF said Senegal’s proposed three-year, $2.2 billion Extended Credit Facility arrangement could be submitted to its Executive Board while the country continues negotiating debt treatment with creditors. The program remains subject to approval by IMF management and the Executive Board, with the first disbursement to follow Board approval rather than occur immediately after the September 2 Staff-Level Agreement. IMF Communications Director Julie Kozack said the program is designed to restore fiscal sustainability, protect vulnerable households, improve debt and state-owned-enterprise oversight, strengthen domestic revenue collection and support private-sector-led growth. Senegal has announced plans to seek treatment for its external debt under the G20 Common Framework, which provides a coordination process but does not dictate a specific form of restructuring. The IMF declined to estimate how long creditor discussions will take or specify which version of its low-income-country debt sustainability framework will be used. Kozack said higher oil prices are currently worsening Senegal’s fiscal pressure because untargeted energy subsidies become more costly. She also said debt pressures in sub-Saharan Africa increasingly reflect liquidity constraints, reduced official development assistance and higher advanced-economy yields rather than a broad rise in debt ratios. India’s second-quarter real GDP grew 7.8%, above IMF staff expectations, supported by services and exports, while new industrial-production and producer-price indexes should improve GDP estimates. Argentina has recorded two consecutive years of primary fiscal surpluses, inflation of around 30%, resumed growth and lower household debt risks, although the IMF wants stronger reserves, fiscal resilience and broader growth beyond energy, mining and agriculture. Globally, the IMF maintained that growth remains around 3% despite six months of war in the Middle East, while warning about energy prices, public debt near 100% of GDP and stalled disinflation. It said AI is providing a near-term demand boost but offered no updated estimate of its medium-term productivity effects.