Senegal: Third Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Informational Annex; Press Release; and Statement by the Executive Director for Senegal

Author: International Monetary Fund

Volume/Issue: Volume 2012 Issue 227

Publication date: August 2012

ISBN: 9781475504965

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Topics covered in this book

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Economics- Macroeconomics , Public Finance , ISCR , CR , deficit , private sector development , deficit target , government , development partner , public finance development , reform agenda , authorities' confirmation , Government debt management , Current spending , West Africa , Global , Europe

Also of interest

Republic of Congo : 2001 Article IV

Spain

Peru

Malawi

Summary

This paper discusses key findings of the Third Review Under the Policy Support Instrument for Senegal. All end-December 2011 quantitative assessment criteria were met—except one on the overall fiscal balance, which was missed by a small margin. Some progress was achieved in structural reforms but a number of benchmarks were missed. The new authorities have confirmed their commitment to the objectives of the program. IMF staff recommends completion of the review and supports the waiver for nonobservance of the end-December 2011 assessment criterion on the overall fiscal deficit.