{
  "title": "Senegal: Seventh Review under the Policy Support Instrument and Request for Modification of Assessment Criteria",
  "publication": "IMF Staff Country Reports, July 2, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/senegal-seventh-review-under-the-policy-support-instrument-and-request-for-modification-of-41687",
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  "summary": "This paper discusses Senegal’s Seventh Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. GDP growth was lower than expected in 2013 but would increase to 4.9 percent in 2014 with a rebound in agriculture, mining, and industry.",
  "sections": [
    {
      "heading": "Growth outlook and macroeconomic developments",
      "content": "- GDP growth was lower than expected in 2013.\n- GDP growth would increase to 4.9 percent in 2014 with a rebound in agriculture, mining, and industry."
    },
    {
      "heading": "Fiscal performance and assessment criteria",
      "content": "- All quantitative assessment criteria and indicative targets for end-2013 were met, including on the budget deficit despite a significant revenue shortfall.\n- The authorities intend to continue reducing the deficit despite challenging prospects for 2014."
    },
    {
      "heading": "Structural reforms and program implementation",
      "content": "- Structural reform implementation has been slow.\n- Many benchmarks were met after their respective deadlines."
    },
    {
      "heading": "IMF staff recommendation",
      "content": "- IMF staff recommends completion of the seventh PSI review."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration\n- Keywords: CR, debt management, FAD expert, government, Government debt management, growth, implementation, ISCR, program implementation, renewed commitment, revenue shortfall, West Africa\n\n---\n\n Content in this bundle\n\n- cr14177\n  - cr14177 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr14177 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr14177f\n  - cr14177f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr14177f (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 2, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498337779.002",
    "GDP growth was lower than expected in 2013.",
    "GDP growth would increase to 4.9 percent in 2014 with a rebound in agriculture, mining, and industry.",
    "All quantitative assessment criteria and indicative targets for end-2013 were met, including on the budget deficit despite a significant revenue shortfall.",
    "The authorities intend to continue reducing the deficit despite challenging prospects for 2014.",
    "Structural reform implementation has been slow.",
    "Many benchmarks were met after their respective deadlines.",
    "IMF staff recommends completion of the seventh PSI review.",
    "Subjects: Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration",
    "Keywords: CR, debt management, FAD expert, government, Government debt management, growth, implementation, ISCR, program implementation, renewed commitment, revenue shortfall, West Africa",
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