Senegal’s economic growth will fall to less than 3% in 2020 from a forecast 6.8% because of the coronavirus, President Macky Sall said on Friday. “Our sustained economic growth over several years is being brutally curbed,” Sall said in a speech, adding that the West African country’s tourism industry would[Read More…]
Economy
Coronavirus: Gambia’s President Orders Price Freeze On Basic Commodities
In response to the coronavirus pandemic, President Adama Barrow of the Gambia has promulgated the Essential Commodities Emergency Power Regulations (2020) to stop retailers from increasing the price of basic commodities Under these powers, the wholesale and retail prices of all essential commodities will be frozen to the prices they[Read More…]
IMF Approves Over US$47 million Credit For Gambia
The Executive Board of the International Monetary Fund (IMF) approved a thirty-nine-month Extended Credit Facility arrangement for the Gambia in the amount of SDR35 million (about US$47.1 million, or 56.3 percent of the Gambia’s quota in the Fund) today. The ECF-supported program aims to anchor macroeconomic stability and progress on[Read More…]
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