Hidden debts in Sénégal, Nigeria, Angola raise imf and rating agency concerns

The International Monetary Fund (IMF) has expressed significant apprehension regarding the potential for total return swaps to impose severe constraints on monetary policy. This critical assessment, detailed in a May 2026 report, highlights financial vulnerabilities that are particularly pertinent to economies like Sénégal, Nigeria, and Angola, where such hidden debts could impact fiscal stability and economic management, drawing scrutiny from global rating agencies.

By Jeanne Ntouba — Reporter