The International Monetary Fund (IMF) team, led by Ms. Eva Jenkner, held discussions with Gambian authorities in Banjul from September 30 to October 11, 2024, as part of the second review of the Gambia’s program supported by a 36-month Extended Credit Facility (ECF). The ECF arrangement, approved in January 2024,[Read More…]
Economy
Senegal Pledges Swift Action On Budget Gap After Ratings Cut
Senegal said it will act swiftly to lower its budget deficit after an audit showing a weaker fiscal and debt position prompted Moody’s Ratings to downgrade the West African nation. The company lowered Senegal’s long-term rating to B1 from Ba3 late on Friday after an audit launched by newly elected[Read More…]
Senegal PM Vows ‘Corruption’ Probe Into Former Government
Senegal’s Prime Minister Ousmane Sonko on Thursday, September 26 vowed investigations into what he termed “widespread corruption” under the previous administration, accusing it of having fiddled its financial figures. “The policy of unbridled indebtedness (under former president Macky Sall) has led to the use of resources that is not transparent[Read More…]
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