Senegal : Staff Report for the 2001 Article IV Consultation, First Review Under the Third Annual Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria

Author/Editor:

International Monetary Fund

Publication Date:

October 24, 2001

Electronic Access:

Free Full Text (PDF file size is 2797 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Faced with a tight liquidity situation at the treasury, the government of Senegal has implemented a tight spending regime to avoid a substantial drawing on the statutory advances at the Central Bank of West African States (BCEAO). Weaknesses in accounting for public funds, as well as the delays in structural reforms, have had fiscal repercussions. Credit growth has reflected the financing needs of the agricultural sector and the buildup of arrears in the energy sector. Recent developments have exacerbated the risk concentration problem in the loan portfolio of the local banking system.

Series:

Country Report No. 01/186

Subject:

English

Publication Date:

October 24, 2001

ISBN/ISSN:

9781451833867/1934-7685

Stock No:

1SENEA0012001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

85

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