Senegal: Third Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets, and Requests for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Senegal

International Monetary Fund

No 2021/127, IMF Staff Country Reports from International Monetary Fund

Abstract: The macroeconomic outlook has worsened amid a second wave of the COVID-19 pandemic, higher commodity prices and social unrest, rooted in widening inequality and a lack of opportunities for the youth. The COVID-19 vaccination campaign was launched in February but has so far covered less than 5 percent of Senegal’s population. The President announced in early April an emergency program for youth employment and economic insertion amounting to 3 percent of GDP, spread evenly over 2021–23.

Keywords: fund financing access; recovery plan; Senegalese authorities; state intervention; government procurement; regulation authority; COVID-19; Debt service; Global; Africa; West Africa (search for similar items in EconPapers)
Pages: 105
Date: 2021-06-17
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