The Executive Board of the International Monetary Fund (IMF) approved $1.51 billion under the Expanded Credit Facility and the Extended Credit Facility, and $324 million under the Resilience and Sustainability Facility for Senegal, on 26 June 2023.

The IMF Executive Board has approved a Resilience and Sustainability Facility (FRD) agreement worth SDR 242.7 million (approximately $324 million). The program supported by MEC/FEC will help address macroeconomic imbalances by reducing debt vulnerabilities, strengthen governance, and ensure more inclusive and job-rich growth. The agreement under the FRD aims to address the longer-term structural challenges related to climate change through the implementation of appropriate climate policies

The decision of the Board of Directors allows for an immediate disbursement equivalent to 161.8 million SDR (approximately 216 million dollars) under MEC/FEC.