Senegal's Faye and IMF Chief Signal Progress Toward New Support Programme
Senegal's president and the IMF managing director welcomed progress in talks and pledged to move quickly toward a new support programme for the country's recovery.
Senegalese President Bassirou Diomaye Faye and International Monetary Fund Managing Director Kristalina Georgieva have welcomed progress in their discussions and committed to moving swiftly toward a new programme of support for the West African nation's recovery.
The Senegalese presidency announced the outcome of the meeting in a post on X on Tuesday, describing the talks as constructive and signalling that both sides intend to advance quickly on a fresh arrangement.
The discussions underline Senegal's push to secure renewed backing from the Washington-based lender as it works to steady its economy and set the foundations for recovery. Neither side disclosed the size, scope or timeline of the prospective programme.
Senegal, a member of the West African economic and monetary union, has been in talks with the Fund over the shape of future financial assistance. The presidency's statement did not elaborate on the specific terms under discussion.
The meeting between Faye, who took office after winning the presidential election, and Georgieva marks the latest engagement between Dakar and the IMF as both sides work toward an agreement.