Finance Minister Seedy Keita updated Gambian lawmakers on the nation’s rising debt, which increased from D46 billion in early 2017 to D110 billion by December 2023. The rise was partly driven by the depreciation of the Gambian dalasi, which added D7.56 billion to the foreign currency debt. The Minister highlighted[Read More…]
Economy
Senegal’s Bonds Drop As IMF Issues Fiscal Deficit Warning
Senegal’s dollar bonds are experiencing a decline after the IMF warned of fiscal deterioration. The yield on Senegal’s 2048 bonds increased due to concerns about the country’s rising fiscal deficit, which has been aggravated by reduced revenues and rising energy subsidies. The IMF’s report urged Senegal to implement reforms to[Read More…]
Ministry of Trade, Others Set To Support Local Farmers
Amid rising inflation, Gambia’s Trade Minister, Baboucarr O. Joof annonced that his ministry will be teaming up with some public institutions to support local farmers with the view to boosting food production. He made this revelation during a presser held Monday at the ministry of trade’s conference hall in Banjul.[Read More…]
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