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…]
Tag: IMF
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…]
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…]
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