{
  "title": "Senegal: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, January 19, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/01/19/senegal-second-review-under-the-policy-coordination-instrument-and-request-for-modification-50026",
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  "summary": "Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, with additional fiscal spending exceeding 3 percent of GDP.",
  "sections": [
    {
      "heading": "Economic impact and policy response",
      "content": "- Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe.\n- Strong fiscal and monetary policy support helped bolster the health system and cushion the economic shock.\n- Additional fiscal spending exceeded 3 percent of GDP."
    },
    {
      "heading": "IMF financing and support",
      "content": "- The IMF disbursed US$442 million (100 percent of quota) under the RFI/RCF in April to support the crisis response."
    },
    {
      "heading": "Recovery plan and fiscal framework",
      "content": "- An ambitious 2021–23 economic recovery plan aims to build a more resilient economy and support inclusive and private sector-led growth.\n- WAEMU Finance Ministers agreed to return to the 3 percent of GDP fiscal deficit anchor more gradually (by 2023) owing to the pandemic’s impact and the security challenges in the Sahel."
    },
    {
      "heading": "Subjects, keywords, and analytical focus",
      "content": "- Subject areas: Budget planning and preparation; COVID-19; Debt relief; Debt sustainability analysis; Public debt.\n- Keywords highlighted in the report: budget execution transparency, CR, development objective, GDP deflator, hydrocarbon GDP, ISCR, monetary policy support, Senegal authorities, strong fiscal policy."
    },
    {
      "heading": "Publication and document specifics",
      "content": "- Pages: 82\n- Volume: 2021\n- Issue: 018\n- Series: Country Report No. 2021/018\n- DOI: https://doi.org/10.5089/9781513567020.002\n- Stock No: 1SENEA2021001\n- ISBN: 9781513567020\n- ISSN: 1934-7685\n- Publication date on landing page: January 19, 2021\n\nInternational Monetary Fund. African Dept. \"Senegal: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report\", IMF Staff Country Reports 2021, 018 (2021).\n\n---\n\n Content in this bundle\n\n- 1senea2021001\n  - 1senea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1senea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 19, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513567020.002",
    "Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe.",
    "Strong fiscal and monetary policy support helped bolster the health system and cushion the economic shock.",
    "Additional fiscal spending exceeded 3 percent of GDP.",
    "The IMF disbursed US$442 million (100 percent of quota) under the RFI/RCF in April to support the crisis response.",
    "An ambitious 2021–23 economic recovery plan aims to build a more resilient economy and support inclusive and private sector-led growth.",
    "WAEMU Finance Ministers agreed to return to the 3 percent of GDP fiscal deficit anchor more gradually (by 2023) owing to the pandemic’s impact and the security challenges in the Sahel.",
    "Subject areas: Budget planning and preparation; COVID-19; Debt relief; Debt sustainability analysis; Public debt.",
    "Keywords highlighted in the report: budget execution transparency, CR, development objective, GDP deflator, hydrocarbon GDP, ISCR, monetary policy support, Senegal authorities, strong fiscal policy.",
    "Pages: 82",
    "Volume: 2021",
    "Issue: 018",
    "Series: Country Report No. 2021/018",
    "DOI: https://doi.org/10.5089/9781513567020.002",
    "Stock No: 1SENEA2021001",
    "ISBN: 9781513567020",
    "ISSN: 1934-7685",
    "Publication date on landing page: January 19, 2021",
    "**1senea2021001**"
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