IMF Staff Country Reports

Senegal: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Senegal

Publication Date:

September 26, 2007

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2006 Article IV Consultation highlights that Senegal has experienced strong growth, price stability, and a declining debt stock owing to substantial debt relief, but macroeconomic performance weakened in 2006. Following robust performance in 2003–05, economic growth is estimated to have fallen below 3.5 percent. The economy remains vulnerable to exogenous shocks and is dependent on donor support. The external current account deficit, excluding grants, is estimated to have increased by about 5 percent of GDP between 2004 and 2006, owing to the oil price shock and ICS’ (chemical export company) difficulties.

Series:

Country Report No. 2007/335

Subject:

Asset and liability management Banking Capital spending Debt relief Expenditure External debt Public debt