Public Management

Senegal, DRC could soon reach new deals with IMF

Tuesday, 07 December 2021 14:52
Senegal, DRC could soon reach new deals with IMF

(Ecofin Agency) - Gerry Rice, Director of IMF Communications Department, announced in a tweet that Kristalina Georgieva, the institution’s Managing Director, will visit Senegal and the DR Congo this week. From December 8 to 11, Kristalina will meet with Presidents Tshisekedi and Macky Sall, as well as the political leaders and civil society in both countries.

As Covid-19 continues to spread, African countries still lack sufficient financial resources to get their heads above water. Following the allocation of $650 billion in Special Drawing Rights (SDRs) to facilitate the global recovery, the IMF committed to developing countries, particularly in Africa, to ensure that their share of this financing would reach $100 billion. This commitment is based on a principle of solidarity between the richest countries and the poorest. But almost four months after the SDRs are issued, only Canada, France, the United Kingdom, Japan, and China have publicly committed to this process.

In early 2020, the Senegalese President was one of the first African presidents to advocate for African debt relief and increased support from international donors. With Félix Tshisekedi, the current president of the African Union (AU), the IMF Director will discuss the continent’s vaccine strategy. According to figures from Africa CDC, Africa is still lagging in implementing an effective vaccination campaign. Only 7% of the continent's population has been fully immunized while 10% has received at least one dose of vaccine.

While Africa continues negotiations to secure additional doses of the Covid-19 vaccine, it has also begun a strategy to strengthen local production. The Institut Pasteur in Dakar is expected to play a special role in this strategy, especially since Macky Sall will be chairing the AU in 2022. For now, the continent’s rapid economic recovery is conditioned on the implementation of a mass vaccination campaign.

Although expected to grow by 3.7% this year (IMF estimate), SSA's economic growth should be the lowest of all regions, in contrast to previous years when countries south of the Sahara had the strongest growth in the world.

Moutiou Adjibi Nourou 

 

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.