## Senegal: Request for a Three-Year Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Senegal

_IMF Staff Country Reports, January 17, 2020_

## Source details

**Canonical URL:** [Senegal: Request for a Three-Year Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Senegal](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2020/01/18/senegal-request-for-a-three-year-policy-coordination-instrument-press-release-staff-report-48958/index.md)
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## Bibliographic details
- Published: January 17, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513526775.002

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### Program objectives and focus
- The PCI for Senegal is a Three-Year Policy Coordination Instrument intended to build on lessons from previous IMF-supported programs.
- Aims:
  - Support the authorities’ efforts to consolidate macroeconomic stability.
  - Foster sustained and inclusive growth.
  - Manage the oil and gas sector in a transparent manner.
- The authorities’ economic program supported by the PCI focuses on:
  - Achieving high, sustainable, and inclusive growth.
  - Consolidating macroeconomic stability through prudent fiscal policy and sound debt management.
  - Transparent management of oil and gas resources.

### Program design and mechanics
- 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.

### Economic outlook, risks, and conditions
- Observations:
  - Public debt has increased.
  - The current account deficit has widened.
- Outlook:
  - Remains favorable, provided the authorities follow through with their comprehensive reform strategy and measures to consolidate macroeconomic stability.

### Policy recommendations and conditionalities
- Emphasized policy directions:
  - Prudent fiscal policy.
  - Sound debt management.
  - Structural reforms to support inclusive growth.
  - Transparent management of the oil and gas sector.
- Signaling mechanism:
  - Completion of semi-annual program reviews serves as a signal of commitment to policy continuity and reform implementation.

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## Content in this bundle

- **1senea2020001**
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_Source: 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_