Cost of Living: The IMF's New Recommendations for Fuel in Senegal

The IMF mission chief in Senegal, Vera Mercedes, stated that public subsidies on fuel prices, currently at 3% of GDP, will be gradually reduced under a new agreement with the IMF. While an immediate elimination of subsidies is not planned, a decrease in international oil prices could facilitate this reform. The issue of energy subsidies remains sensitive, as their reduction could impact pump prices and relieve pressure on the state budget.