Tightened debts

 

Senegal is doing what it can to get over the crisis. It has announced a plan to rebase its economy and bring down its debt-to-GDP ratio, which presently stands at about 119%, one of the worst in sub-Saharan Africa. Rebasing means updating the reference year and remeasuring sectors in the calculation of national GDP. The initiative could significantly improve the country’s prospects with lenders, although its credibility will remain in question. abmagazine

It’s a vicious spiral that the authorities intend to end by reducing public spending and tightening the revenue-collection system, with new taxes on mobile money transfers, tobacco and gambling. Abdoulaye Ba, like many young Senegalese citizens, doesn’t trust the government. “What they’re telling us – perhaps in different words – is that we have to tighten our belts. But you can’t ask anyone who’s already at the limit to do more. el pais

A new IMF programme would help them finance that plan, but crucially would also give foreign investors confidence to lend again. To get one, however, Senegal must demonstrate how it will return to debt sustainability. reuters

Che tipo di tutela e garanzie vengono fornite alle aziende italiane da parte del governo in Paesi come Senegal, Libia e Tunisia?

Con sistemi economici fuori dagli standard internazionali.