The State of Senegal has just benefited from an 18-month financing agreement. The IMF Executive Board approved this Stand-By Arrangement and an arrangement under the Standby Credit Facility for an amount of CFAF350 billion
 The IMF completes the third review of the program supported by the Policy Coordination Instrument. According to a press release from the institution, the financing agreement, together with the Economic Policy Coordination Instrument, will provide an anchor for economic policies for the next phase of the authorities' response to Covid-19 and will support a strong and job-creating recovery. The approval of the agreement follows emergency assistance that the IMF had granted to Senegal in April 2020 for an amount of $442 million at the date of approval.