Dakar, Senegal – The International Monetary Fund (IMF) has expressed growing concern about the pressures Senegal faces in meeting its liquidity needs in the coming period, given the country’s financial challenges and its increasing domestic and external obligations.
The IMF explained in a recent assessment that the Senegalese economy needs stricter management of cash flows. Urgent measures are needed to ensure the government can meet its obligations without impacting social spending programs and infrastructure projects.
The report indicated that increased government spending and declining revenues are placing an additional burden on the treasury. This necessitates strengthening fiscal reforms and improving the investment climate to boost capital inflows.
The IMF confirmed its readiness to continue providing technical and financial support to Senegal, provided the government adheres to the agreed-upon reform roadmap. The goal is to ensure the maintenance of economic stability and address current budget imbalances.
