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IMF approves poverty-reduction fund

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The International Monetary Fund
    ABIDJAN
    The International Monetary Fund (IMF) has approved the disbursement of US $11 million in support of Senegal's anti-poverty efforts after a positive review of the country's Poverty Reduction and Growth Facility. The money would be used to improve on the "rapid growth and low inflation" that the West African nation has achieved in recent times, the fund reported on Monday. However the IMF urged the Senegalese authorities to continue positive macro-economic policies, including promoting private sector investment, reduce overall budget deficit and push for the privatisation of the two state companies that regulate the groundnut and power utility sector.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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