UPDATE: U.S FINALIZES $20,000 VISA BOND POLICY AFFECTING NIGERIA AND 49 OTHER NATIONS. (PHOTO).

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 U.S Finalizes $20,000 Visa Bond Policy Affecting Nigeria and 49 Other Nations The United States government has officially formalized its visa bond policy, making it a permanent measure that could require travelers from 50 designated countries, including Nigeria, to pay a refundable bond of up to $20,000 before receiving certain visas. First introduced as a pilot scheme in 2025, the policy targets applicants seeking B1 and B2 visas, which are designated for business and tourism. According to the U.S. Department of State, the initiative is designed to bolster compliance with local immigration laws and drastically reduce visa overstay rates. How the Visa Bond Policy Works Under the permanent guidelines, U.S. consular officers have the discretion to instruct eligible applicants to post a bond as a prerequisite for visa issuance. However, U.S. authorities have clarified that the financial requirement will not be applied automatically to every traveler from the listed nations. Data anal...
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SENEGAL AIMS TO FINALISE IMF PROGRAMME 'VERY QUICKLY', FINANCE MINISTER SAYS. (PHOTO).

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 Senegal aims to finalise IMF programme 'very quickly', finance minister says


Senegal hopes to finalise a programme with the International Monetary Fund "very quickly", its finance minister said on Tuesday, adding that progress had been made on multiple issues related to managing the country's debt crisis.


The West African nation is trying to tame debts that the Fund said hit 132% of GDP at the end of 2024 after the current leadership uncovered billions in debts that were not reported by the previous administration.


The IMF froze a $1.8 billion loan package last year, though it said this month that "significant progress" had been made towards a new programme even as work continued on an internal investigation into how the IMF failed to detect the unreported debt.


Speaking to lawmakers on Tuesday, Finance Minister Cheikh Diba also said the discussions were "going very well" with consensus reached on issues including data correction and work continuing on "budgetary and debt issues".


The IMF is "reviewing the work we are doing with them, the proposals we have, the instruments we have developed," he said.


A new IMF mission chief is due to start work in January and "we hope... that we will very quickly finalise a programme with the International Monetary Fund, as this is a pressing need," Diba said.


His tone differed markedly from Senegal's Prime Minister Ousmane Sonko who last month told a rally that the IMF was pushing for Senegal to restructure its debt, a scenario Sonko said his government was resisting because it would be a "disgrace".


Diba also said Senegal would continue to raise funds using a host of instruments including Eurobonds.

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