Senegal: Second Review Under the Policy Support Instrument, Request for a Twelve-Month Arrangement Under the Exogenous Shocks Facility, and Request for Waivers and Modification of Assessment Criteria -Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Senegal
January 13, 2009
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Senegal’s second review under the Policy Support Instrument and request for a Twelve-Month Arrangement under the Exogenous Shocks Facility, and request for Waivers and Modification of Assessment Criteria are assessed. Rising food and energy prices have presented a shock to the balance of payments of 5¼ percent of GDP in 2008. These difficulties have been compounded by significant policy slippages in the form of government payment delays to the private sector and accumulated over 2006–08, which are impacting the real economy.
Subject: Budget planning and preparation, Economic and financial statistics, Expenditure, Fiscal policy, Fiscal stance, Government finance statistics, Public financial management (PFM)
Keywords: authorities' intention, authority, balance-of-payments impact, BOP impact, Budget planning and preparation, CR, ESF arrangement, financing, Fiscal stance, Global, Government finance statistics, government payment delay, ISCR, private sector activity, SDR, West Africa
Pages:
83
Volume:
2009
DOI:
Issue:
005
Series:
Country Report No. 2009/005
Stock No:
1SENEA2009001
ISBN:
9781451834109
ISSN:
1934-7685
