The two former ruling parties of Senegal ex-presidents Macky Sall and Abdoulaye Wade have formed a coalition for a snap legislative election on Nov. 17 that may pose a big challenge to recently-elected President Bassirou Diomaye Faye. Sall’s Alliance for the Republic party (APR) and Wade’s Senegalese Democratic Party (PDS),[Read More…]
Tag: President Bassirou Diomaye Faye
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…]
Senegal’s President Sets Parliament Election On Nov. 17
Senegal President Bassirou Diomaye Faye on Thursday dissolved the opposition-led national assembly, clearing the way for early legislative elections on Nov. 17. In an evening address, Faye, who came to power in April, said working with the assembly had grown difficult after members refused to start discussions on the budget[Read More…]
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