The International Monetary Fund’s board has approved Senegal’s request for a credit extension to Jan. 10, 2023, to allow time to complete credit and policy reviews, the Fund said in a statement on Thursday. The request, approved on Nov. 15, concerns an 18-month Stand-By Arrangement and Arrangement Under the Standby[Read More…]
Tag: IMF
IMF Approves $6.4M Loan To Gambia
The International Monetary Fund (IMF) has reached a staff level agreement for a $6.4 million loan program for Gambia to help the West African country tackle inflation and foreign exchange market pressures, it said in a statement on Tuesday. Gambia’s inflation rate rose to two-digit figures in April and reached[Read More…]
IMF Releases $216m To Senegal
The International Monetary Fund has released nearly $216 million U.S. dollars for Senegal after a review of its aid programs for the West African country. The Executive Board of the International Monetary Fund (IMF) announced Wednesday ( June 22) “The completion of the audits allows the immediate release of about[Read More…]
Gambia Gets Additional US$6 Million IMF Loan To Meet Financing Needs
The Executive Board of the International Monetary Fund (IMF) Friday completed the fourth review under the Extended Credit Facility (ECF) arrangement for The Gambia. The completion of the review enables an immediate disbursement of SDR 5 million, about US$ 6.72 million, to help meet the country’s balance-of-payments and fiscal financing[Read More…]
G/Bissau Faces Budget Shortfall After IMF Stops Payments
(JollofNews) – Guinea-Bissau is facing a “catastrophic” economic situation, with a gaping budget deficit, after the International Monetary Fund suspended its support over two private bank bailouts, the finance minister said on Thursday. The IMF said on June 3 it was halting payments after the tiny nation’s government went against[Read More…]
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