Senegal’s government will present a review of its financial situation six months after coming to power with promises of change. Following an IMF staff visit, the fund projected a worsening budget due to lower revenues and higher energy subsidies and interest payments. The IMF urged reforms such as reducing tax exemptions and phasing out costly energy subsidies. Senegal’s unemployment rate rose to 21.6% in Q2 2024, up from 18.6% in the same period of 2023.