Senegal: Third Review Under the Policy Support Instrument and First Review and Augmentation of Access Under the Exogenous Shocks Facility: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Senegal

International Monetary Fund

No 2009/205, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents key findings of the Third Review under the Policy Support Instrument (PSI) for Senegal. The budgetary slippages, which had seriously affected the economy and put Senegal’s PSI-supported program at risk, have been successfully addressed. In line with program commitments, the government’s unpaid bills have been substantially reduced and far-reaching public financial management reforms launched. A temporary fiscal easing relative to earlier program targets is envisaged for 2009 to help counter the impact of the external shock.

Keywords: ISCR; CR; Senegal; deficit; ESF arrangement; financial support; outlook from negative; staff appraisal; Senegal's outlook; staff recommendation; Fiscal stance; Government debt management; Global; West Africa (search for similar items in EconPapers)
Pages: 86
Date: 2009-07-09
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