Senegal: Third Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Informational Annex; Press Release; and Statement by the Executive Director for Senegal
IMF Staff Country Reports, August 6, 2012
Source details
- Canonical URL
- Senegal: Third Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Informational Annex; Press Release; and Statement by the Executive Director for Senegal
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Bibliographic details
- Published: August 6, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475504965.002
Summary findings
- All end-December 2011 quantitative assessment criteria were met—except one on the overall fiscal balance, which was missed by a small margin.
- Some progress was achieved in structural reforms but a number of benchmarks were missed.
- The new authorities have confirmed their commitment to the objectives of the program.
- IMF staff recommends completion of the review and supports the waiver for nonobservance of the end-December 2011 assessment criterion on the overall fiscal deficit.
Quantitative assessment criteria
- Timetable referenced: end-December 2011.
- Outcome: All quantitative assessment criteria met except the overall fiscal balance criterion, which was missed by a small margin.
- IMF staff position: Support for waiver of nonobservance of the end-December 2011 assessment criterion on the overall fiscal deficit.
Structural reforms and benchmarks
- Progress: Some progress achieved in structural reforms.
- Shortfalls: A number of structural benchmarks were missed (specific benchmarks not listed on the page overview).
Authorities' stance and program continuity
- The new authorities confirmed their commitment to the objectives of the program.
- IMF staff recommendation: Completion of the third review under the Policy Support Instrument.
Publication and metadata
- Publication date: August 6, 2012
- Pages: 72
- Volume: 2012
- Issue: 227
- Series: Country Report No. 2012/227
- DOI: https://doi.org/10.5089/9781475504965.002
- Stock No: 1SENEA2012001
- ISBN: 9781475504965
- ISSN: 1934-7685
- Subjects: Current spending, Expenditure, Government debt management, Public debt, Public financial management (PFM)
- Keywords: authorities' confirmation, CR, Current spending, deficit, deficit target, development partner, Europe, Global, government, Government debt management, ISCR, private sector development, public finance development, reform agenda, West Africa
- Availability note: Also available in French
International Monetary Fund. "Senegal: Third Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Informational Annex; Press Release; and Statement by the Executive Director for Senegal", IMF Staff Country Reports 2012, 227 (2012).
Content in this bundle
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