The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 15.55 million (about US$21.3 million or 25 percent of its SDR quota) for The Gambia under the Rapid Credit Facility (RCF). The financing provided under the RCF will help the country meet its urgent balance-of-payments (BOP) need[Read More…]
Economy
Senegal GDP Growth To Shrink To Less Than 3% Due To Coronavirus – President
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…]
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…]
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