{
  "title": "Senegal: Request for a Three-Year Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Senegal",
  "publication": "IMF Staff Country Reports, January 17, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/01/18/senegal-request-for-a-three-year-policy-coordination-instrument-press-release-staff-report-48958",
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  "summary": "This paper discusses Senegal’s Request for a Three-Year Policy Coordination Instrument (PCI). The PCI for Senegal is expected to build on the lessons from the previous programs supported by the IMF.",
  "publishDate": "2020-01-17",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Program objectives and focus",
      "content": "- The PCI for Senegal is a Three-Year Policy Coordination Instrument intended to build on lessons from previous IMF-supported programs.\n- Aims:\n  - Support the authorities’ efforts to consolidate macroeconomic stability.\n  - Foster sustained and inclusive growth.\n  - Manage the oil and gas sector in a transparent manner.\n- The authorities’ economic program supported by the PCI focuses on:\n  - Achieving high, sustainable, and inclusive growth.\n  - Consolidating macroeconomic stability through prudent fiscal policy and sound debt management.\n  - Transparent management of oil and gas resources."
    },
    {
      "heading": "Program design and mechanics",
      "content": "- Program reviews take place on a semi-annual fixed schedule.\n- The PCI involves no use of IMF resources.\n- Successful completion of program reviews would help signal Senegal’s commitment to continued strong economic policies and structural reforms."
    },
    {
      "heading": "Economic outlook, risks, and conditions",
      "content": "- Observations:\n  - Public debt has increased.\n  - The current account deficit has widened.\n- Outlook:\n  - Remains favorable, provided the authorities follow through with their comprehensive reform strategy and measures to consolidate macroeconomic stability."
    },
    {
      "heading": "Policy recommendations and conditionalities",
      "content": "- Emphasized policy directions:\n  - Prudent fiscal policy.\n  - Sound debt management.\n  - Structural reforms to support inclusive growth.\n  - Transparent management of the oil and gas sector.\n- Signaling mechanism:\n  - Completion of semi-annual program reviews serves as a signal of commitment to policy continuity and reform implementation.\n\n---\n\n Content in this bundle\n\n- 1senea2020001\n  - 1senea2020001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1senea2020001 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2020/01/18/senegal-request-for-a-three-year-policy-coordination-instrument-press-release-staff-report-48958"
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    "Published: January 17, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513526775.002",
    "The PCI for Senegal is a Three-Year Policy Coordination Instrument intended to build on lessons from previous IMF-supported programs.",
    "Aims:",
    "The authorities’ economic program supported by the PCI focuses on:",
    "Program reviews take place on a semi-annual fixed schedule.",
    "The PCI involves no use of IMF resources.",
    "Successful completion of program reviews would help signal Senegal’s commitment to continued strong economic policies and structural reforms.",
    "Observations:",
    "Outlook:",
    "Emphasized policy directions:",
    "Signaling mechanism:",
    "**1senea2020001**"
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