Electricity Prices: What the IMF Really Wants to Change in the Coming Months

The IMF emphasized the need to gradually reduce electricity subsidies in Senegal while protecting vulnerable populations. IMF mission chief Mercedes Vera Martin highlighted that budget consolidation should accompany the maintenance of aid for the most fragile groups. Currently, 65% of subsidies benefit the wealthiest 20% of consumers, and the government plans to better target aid towards those who truly need it.