The International Monetary Fund has approved a new three-year Policy Support Instrument for Senegal. The African nation’s existing PSI arrangement with IMF was due to expire Dec. 22. 

    “Policies under the successor PSI will focus on increasing economic growth and improving resilience to shocks to help Senegal meet its development and poverty reduction objectives,” IMF Deputy Managing Director and Acting Chair John Lipsky said in a statement.

    About the author

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      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.