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Senegal : Request for a Three-Year Policy Coordination Instrument
Press Release; Staff Report; and Statement by the Executive Director for Senegal

Series:Country Report No. 20/11
ISBN 9781513526775
Code: #1SENEA2020001

Publication year: 2020

Cdn: $25.00; US: $18.00
Language: English
104 pages
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Economic growth averaged 6.5 percent over the past five years, boosted by public investment under phase I of Senegal’s development strategy, the “Plan Sénégal Émergent” (PSE), and buoyant private consumption. High public financing needs led to a rapid increase in public debt and a widening of the current account deficit. The outlook remains favorable provided Senegal strictly adheres to the WAEMU fiscal deficit target of 3 percent of GDP and creates fiscal space for investment through enhanced revenue mobilization and spending efficiency to stabilize public debt. Hydrocarbon production is projected to start in 2022. The authorities requested the cancellation of the 2015-19 Policy Support Instrument (PSI) in early 2019 (with only one review left), and are now requesting approval of a three-year program supported by the Policy Coordination Instrument (PCI) to underpin implementation of the second phase of the PSE.
Senegal : Request for a Three-Year Policy Coordination Instrument
Cdn: $25.00; US: $18.00
International Monetary Fund (IMF) BookID: 126991 Added: 2020.2.9