(Reuters) – Senegal has made “significant progress” in implementing structural reforms, but at a slower pace than expected, the International Monetary Fund staff said on Wednesday.
The performance of the reform program is “generally satisfactory” and “the economy should rebound in 2023 with temporary Growth rebounded strongly to 8.3 percent on the back of Zhen, Edward Gemayer, head of the IMF mission in Senegal, said in a statement: “There has been no further escalation of the war in Ukraine due to oil and gas production. “
He added that the delay in cash payments should urgently address transfer schemes for the poorest households, and that the authorities must make a “convincing commitment” to begin in 2023 Energy subsidies are phased out and in 2025.
