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…]
Tag: IMF
IMF & Gambia Agree New $100M Support Package
The International Monetary Fund and Gambian authorities have reached a staff-level agreement on a new three-year support package of around $100 million, the Fund said in a statement on Wednesday. The program will support agreed economic policies and reforms. It aims to tackle inflation and foreign exchange pressures, reduce debt[Read More…]
Africa To Have Third Seat On IMF Board – Official
Africa would soon have a third seat on the International Monetary Fund (IMF) board of directors to give the continent “a louder voice,” IMF managing director Kristalina Georgieva has announced. Georgieva’s announcement came ahead of Monday’s IMF and World Bank meetings kicking off in Marrakesh, Morocco – the first gathering[Read More…]
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