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Senegal bets on $10 billion domestic recovery plan amid IMF freeze

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Dakar, Senegal © Unsplash

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • Senegal unveils a $10 billion economic plan funded 90% by domestic resources to cut its soaring deficit
  • Prime Minister Ousmane Sonko says the country will move forward without IMF support

 

DAKAR, SENEGAL – Facing mounting debt and locked out of international credit markets, Senegal has launched a $10 billion economic recovery plan backed overwhelmingly by domestic resources.

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