Senegal: First Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release; and Statement by the Executive Director for Senegal

International Monetary Fund

No 2011/139, IMF Staff Country Reports from International Monetary Fund

Abstract: Senegal's economic recovery is continuing and has been largely unaffected by the political crisis in Côte d’Ivoire. Policy discussions focused on the economic implications of two new developments since the program was approved in December 2010. Fiscal policy faces a difficult trade-off between additional priority expenditure and the need to preserve debt sustainability. The sustainability of Senegal’s external public and publicly guaranteed (PPG) debt appears vulnerable to rollover risks. This highlights the need for prudent debt management by Senegal, as it seeks to gain greater access to external resources.

Keywords: ISCR; CR; growth potential; deficit; medium term debt management strategy; energy sector reform; energy sector support fund; debt burden indicator; Government debt management; Energy sector; West Africa (search for similar items in EconPapers)
Pages: 80
Date: 2011-06-16
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