The Senegalese government has secured a major financing agreement with the International Monetary Fund (IMF) to support the country’s economic and financial policies.
The 36-month financing will be provided through the Extended Credit Facility (MEDC) and the Extended Credit Facility (ECF), totaling around $1.8 billion.
The agreement is still subject to approval by the board of directors of the IMF, which is expected to take place in mid-June.
This funding is expected to support the country’s efforts toward economic recovery and stability, as well as contribute to the implementation of policies aimed at poverty reduction and sustainable development.