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…]
Tag: Senegal
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…]
Senegal Sets March 24 As New Date For Delayed Presidential Election
Senegalese President Macky Sall has scheduled a delayed presidential election for March 24, the government said on Wednesday, after a top court ruled that a proposal to hold the vote after his mandate expires on April 2 was unconstitutional. The announcement caps a dramatic evening that saw Sall dissolve the[Read More…]
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