The News Review:
- IMF approves $75.6 million exogenous shocks facility arrangement …
- Two killed during protest demonstration in eastern Senegal
- IMF Approves $76 Million Aid for Senegal to Combat High Prices
- man claim win over Senegal
- Senegal faces unprecedented social unrest
- IMF approves $75.6 mln in anti-crisis support to Senegal
- Chinese ambassador in Senegal receives honorary doctorate
IMF approves $75.6 million exogenous shocks facility arrangement …
Banking Business Review
8 million from the International Monetary Fund (IMF) immediately and an equal amount upon completion of the first review under the exogenous shocks facility arrangement. The board also completed the second review under the three-year policy support instrument (PSI) for Senegal and granted three waivers in view of the corrective measures the government is taking to address underlying weaknesses. The waivers were granted for the non-observance of three quantitative assessment criteria on domestic arrears the budgetary float (the difference between government payments due and paid) and the contracting or guaranteeing of new non-concessional external debt by the government. The program focuses on maintaining a sound fiscal policy stance and enhancing fiscal governance and transparency.
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Two killed during protest demonstration in eastern Senegal
African Press Agency Senegal
The incidents started after students from Kedougou accused local authorities of failing to support them in their studies at the University of Dakar. “In their fury the demonstrators many of whom were arrested started attacking public buildings including the Governor’s office the prefecture the city hall and schools and set fire to many cars” the source said. The gendarmerie was backed up by soldiers to restore order. Among other things the demonstrators urged that priority should be given to natives of the newly established region for employment with the advent of Arcelor Metal the mining contractor in the region.
IMF Approves $76 Million Aid for Senegal to Combat High Prices
Bloomberg
20 (Bloomberg) — The International Monetary Fundapproved a one-year $75. 6 million aid deal for Senegal to helpthe African nation offset higher food and energy prices. The approval will allow Senegal to draw about $37. 8 millionfrom the IMF immediately and an equal amount upon completion ofthe first review under an arrangement to help nations deal withexternal events that affect their budgets the IMF said in astatement. ?The Senegalese economy is facing a difficult period?.
man claim win over Senegal
Football365.co.za South Africa
Midfielder Bader Al Maimani scored the only goal with 13 minutes remaining when he fired a powerful free-kick in the top right corner of the goal. man will host the Gulf Cup in January kicking off their campaign in Group A against Kuwait on January 4.
Senegal faces unprecedented social unrest
Daily Nation Kenya
The movement born in one of the most populous suburbs of the Senegalese capital is led by the Imams supported by local community leaders and massively followed by the populations. Local mediaThe exceptional nature of the movement has prompted the local media to swiftly refer to it using politically strong concepts including ?jihad? and ?revolution?. The initiators however have made it clear that their demands are neither political nor religious.
IMF approves $75.6 mln in anti-crisis support to Senegal
Xinhua China
21 (Xinhua) — The International Monetary Fund (IMF) has approved 75. dollars in support for Senegal against the consequences of the global financial crisis the Ministry of Economy and Finance announced on Saturday. The IMF examined the dossier of Senegal on Friday and approved the support under a program known as the Facility of Protection against External Shock according to a statement released by the ministry.
Chinese ambassador in Senegal receives honorary doctorate
Xinhua China
21 (Xinhua) — Chinese Ambassador in Senegal Lu Shaye received honorary doctorate from the School of International Affairs (EIA) on Saturday in the capital Dakar. At a ceremony organized by the EIA to confer the honorary title Senegalese officials expressed appreciation of the Chinese diplomat’s efforts to promote Sino-African relations in general and cooperation between China and Senegal in particular. n the occasion Lu delivered a speech titled “observe the Sino-African relations from historic multidimensional and dialectic angles” praising the mutual support between China and Africa since the epoch of the anti-colonial struggle. Lu expressed thanks to Africa for backing China on the issue of Taiwan. Editor: Yao.