Senegal will also get an additional 40 billion CFA francs ($65 million) from a climate facility if approved by the IMF board, Edward Gemayel told a press conference in Dakar.
The West African country reached agreement with the IMF earlier this year on financing facilities totaling $1.9 billion, mostly from a 36-month extended credit facility.
Gemayel said on Tuesday that Senegal’s debt outlook remained sustainable. The forecast for 2024 economic growth has been revised down to 8.3% from 10.6% due to delays in oil and gas production, he said.
($1 = 619.3500 CFA francs)
Source: Economy - investing.com
