Senegal: Third Review Under the Policy Support Instrument and First Review and Augmentation of Access Under the Exogenous Shocks Facility: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Senegal
IMF Staff Country Reports, July 9, 2009
Source details
- Canonical URL
- Senegal: Third Review Under the Policy Support Instrument and First Review and Augmentation of Access Under the Exogenous Shocks Facility: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Senegal
Other formats
Bibliographic details
- Published: July 9, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451834116.002
Overview
- Publication date: July 9, 2009
- This paper presents key findings of the Third Review under the Policy Support Instrument (PSI) for Senegal.
- A temporary fiscal easing relative to earlier program targets is envisaged for 2009 to help counter the impact of the external shock.
- Also available in French.
Key findings
- The budgetary slippages, which had seriously affected the economy and put Senegal’s PSI-supported program at risk, have been successfully addressed.
- In line with program commitments, the government’s unpaid bills have been substantially reduced.
- Far-reaching public financial management reforms have been launched.
Policy actions and program implications
- Temporary fiscal easing for 2009 is envisaged as a response to the external shock.
- Continued implementation of public financial management (PFM) reforms to secure program objectives and fiscal stability.
- Reduction of government unpaid bills consistent with program commitments to restore fiscal credibility.
Subjects and keywords
- Subject: Budget planning and preparation; Expenditure; External debt; Fiscal policy; Fiscal stance; Government debt management; Public debt; Public financial management (PFM)
- Keywords: CR; deficit; ESF arrangement; financial support; Fiscal stance; Global; Government debt management; ISCR; outlook from negative; Senegal; Senegal's outlook; staff appraisal; staff recommendation; West Africa
Content in this bundle
- _cr09205
- _cr09205f