Senegal: Sixth Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Support Instrument-Staff Report; Debt Sustainability Analysis; Press Release; Executive Director Statement

December 15, 2010

Preview Citation

Format: Chicago

Senegal: Sixth Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Support Instrument-Staff Report; Debt Sustainability Analysis; Press Release; Executive Director Statement, (USA: International Monetary Fund, 2010) accessed September 20, 2024

Also available in: français

Summary

The economy has started to recover from a slowdown associated with the global financial crisis. Senegal has made significant progress under a three-year Policy Support Instrument (PSI), but challenges remain. Increasing growth and reducing vulnerabilities and poverty require broad-based reforms. Higher revenues and better spending quality are essential to creating more fiscal space for priority spending, including infrastructure spending. To help address growth bottlenecks, higher infrastructure investment will temporarily raise fiscal deficits. The contributions of the financial sector and the energy sector to growth should be enhanced.

Subject: Budget planning and preparation, Expenditure, External debt, Public debt, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, CR, Debt, Global, ISCR, Poverty reduction objective, PSI-supported program, Real GDP, Reform agenda, Revenue-enhancing tax reform strategy, Three-Year PSI, West Africa

Publication Details

Pages:

98
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/362
Stock No:

1SENEA2010003
ISBN:

9781455212835
ISSN:

1934-7685

Notes

Also available in French

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