Senegal: Third Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets, and Requests for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Senegal

June 17, 2021

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Summary

The macroeconomic outlook has worsened amid a second wave of the COVID-19 pandemic, higher commodity prices and social unrest, rooted in widening inequality and a lack of opportunities for the youth. The COVID-19 vaccination campaign was launched in February but has so far covered less than 5 percent of Senegal’s population. The President announced in early April an emergency program for youth employment and economic insertion amounting to 3 percent of GDP, spread evenly over 2021–23.

Subject: COVID-19, Debt service, External debt, Health, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Africa, COVID-19, Debt service, fund financing access, Global, government procurement, recovery plan, regulation authority, Senegalese authorities, state intervention, West Africa

Pages:
105
Volume:
2021
DOI:
https://doi.org/10.5089/9781513584652.002
Issue:
127
Series:
Country Report No. 2021/127
Stock No:
1SENEA2021002
ISBN:
9781513584652
ISSN:
1934-7685

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