Senegal: Seventh Review under the Policy Support Instrument and Request for Modification of Assessment Criteria

International Monetary Fund

No 2014/177, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Senegal’s Seventh Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. GDP growth was lower than expected in 2013 but would increase to 4.9 percent in 2014 with a rebound in agriculture, mining, and industry. All quantitative assessment criteria and indicative targets for end-2013 were met, including on the budget deficit despite a significant revenue shortfall. Structural reform implementation has been slow, with many benchmarks met after their respective deadlines. Despite challenging prospects for 2014, the authorities intend to continue reducing the deficit. The IMF staff recommends completion of the seventh PSI review.

Keywords: ISCR; CR; government; FAD expert; implementation; growth; program implementation; revenue shortfall; debt management; renewed commitment; Government debt management; West Africa (search for similar items in EconPapers)
Pages: 75
Date: 2014-07-02
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