{
  "title": "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",
  "publication": "IMF Staff Country Reports, August 6, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/senegal-third-review-under-the-policy-support-instrument-and-request-for-modification-of-26158",
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  "summary": "This paper discusses key findings of the Third Review Under the Policy Support Instrument for Senegal. All end-December 2011 quantitative assessment criteria were met—except one on the overall fiscal balance, which was missed by a small margin.",
  "publishDate": "2012-08-06",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- All end-December 2011 quantitative assessment criteria were met—except one on the overall fiscal balance, which was missed by a small margin.\n- Some progress was achieved in structural reforms but a number of benchmarks were missed.\n- The new authorities have confirmed their commitment to the objectives of the program.\n- 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."
    },
    {
      "heading": "Quantitative assessment criteria",
      "content": "- Timetable referenced: end-December 2011.\n- Outcome: All quantitative assessment criteria met except the overall fiscal balance criterion, which was missed by a small margin.\n- IMF staff position: Support for waiver of nonobservance of the end-December 2011 assessment criterion on the overall fiscal deficit."
    },
    {
      "heading": "Structural reforms and benchmarks",
      "content": "- Progress: Some progress achieved in structural reforms.\n- Shortfalls: A number of structural benchmarks were missed (specific benchmarks not listed on the page overview)."
    },
    {
      "heading": "Authorities' stance and program continuity",
      "content": "- The new authorities confirmed their commitment to the objectives of the program.\n- IMF staff recommendation: Completion of the third review under the Policy Support Instrument."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: August 6, 2012\n- Pages: 72\n- Volume: 2012\n- Issue: 227\n- Series: Country Report No. 2012/227\n- DOI: https://doi.org/10.5089/9781475504965.002\n- Stock No: 1SENEA2012001\n- ISBN: 9781475504965\n- ISSN: 1934-7685\n- Subjects: Current spending, Expenditure, Government debt management, Public debt, Public financial management (PFM)\n- 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\n- Availability note: Also available in French\n\nInternational 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).\n\n---\n\n Content in this bundle\n\n- cr12227\n  - cr12227 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr12227 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr12227f\n  - cr12227f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr12227f (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/senegal-third-review-under-the-policy-support-instrument-and-request-for-modification-of-26158"
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    "Published: August 6, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475504965.002",
    "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.",
    "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.",
    "Progress: Some progress achieved in structural reforms.",
    "Shortfalls: A number of structural benchmarks were missed (specific benchmarks not listed on the page overview).",
    "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 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",
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