Browsing: Bassirou Diomaye Faye

• Authorities need to rework Senegal’s program with the IMF after an audit revealed a higher budget and debt deficit than previously reported.
• During former President Macky Sall’s rule, a review of Senegal’s finances showed that the country’s public and budget deficit was more than 10 percent of the gross domestic product, almost double the 5.5 percent reported under Sall.
• Shortly after taking office, President Faye initiated a review of Senegal’s natural resources sector.

Reworking Senegal’s program with the IMF

Senegal needs to rework its program with the International Monetary Fund after an audit revealed a higher budget and debt deficit than previously reported.

Senegalese authorities hope to meet all the prerequisite conditions to reach a new agreement with the IMF by Q1 2025. This is according to Senegal’s Finance Minister Cheikh Diba, who attended the IMF’s annual meeting in Washington.

“The current program must be updated,” Diba said. “We’re in …

• Bassirou Diomaye Faye, a former tax collector, is Senegal’s president-elect.
• Faye has promised to embark on a fresh chapter in Senegal’s leadership following months of political violence and arrests of opposition leaders.
• Outgoing President Macky Sall has termed the outcome of Sunday’s vote, which saw his preferred candidate Amadou Ba defeated, a victory for Senegal.

Bassirou Diomaye Faye, a former tax collector, has promised a new chapter in Senegal’s future following his victory in the bitterly contested presidential election in Senegal held on Sunday.

Bassirou Faye, 44, was declared winner having rode on a wave of frustration among the young voters, who are grappling with a high rate of joblessness as well as deep concerns about the current state of governance in the West African country of 18 million people.

Speaking to the nation as president-elect on Monday, Bassirou Diomaye Faye, promised to embark on a fresh chapter in Senegal’s …