Use of DTS: Macky Sall leads by example

Use of DTS: Macky Sall leads by example

President Macky Sall has pledged to devote 5% of the Special Drawing Rights allocated to Senegal by the International Monetary Fund to health. He invited his African colleagues to follow his example to give a “signal to the partners”.

By formalizing the allocation of Special Drawing Rights, Monday, August 23, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, insisted on the instructions for use of these funds by the beneficiaries. “The use of the SDR allocation will have to be done with care and in full transparency. I recommended to the authorities to use them to meet the urgent needs and the recovery of the foreign exchange reserves ”, she had entrusted, Wednesday, August 18, to the virtual extraordinary summit of the heads of state of the Economic and Monetary Community of the Central Africa (CEMAC). This call has obviously reached the ears of President Macky Sall, who has just made a commitment in this direction.

“We have received the first special drawing rights and I congratulate the Monetary Fund and all the countries which engage with us, first declared the Head of State during the G20 Compact Conference with Africa,” held Friday August 27 in Berlin, Germany. Now we are fighting for their reallocation. At this level I would like, on behalf of Senegal, to say that we can commit to returning part of these SDRs to priority health spending. ”

Macky Sall listed as priorities, “expenses such as the production of vaccines, but also all costs in the health sector, the upgrading of our hospitals and the health response”. He wanted to be reassuring by going further: “At the moment, up to 5%, I think this is a subject on which I can engage.”

The President of the Republic did not fail to invite his African peers to follow his example. “I hope that the colleagues here present give this signal to the partners, so that this reallocation can become a reality”, launched Macky Sall to an audience made up in particular of Presidents Paul Kagame (Rwanda), Alpha Condé (Guinea), Nana Akufo- Addo (Ghana) and Félix Tshisekedi (DR Congo).

Senegal received SDRs worth 460.5 million dollars (about 300 billion CFA francs). If he keeps his commitment, 15 billion CFA francs will go to the health sector. Which has already absorbed more than 100 billion CFA francs from the Force Covid-19 Fund of 1000 billion CFA francs set up by the government in response to the effects of the pandemic.

Author: WebNews – web news

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