## Senegal: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

_IMF Staff Country Reports, January 19, 2021_

## Source details

**Canonical URL:** [Senegal: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2021/01/19/senegal-second-review-under-the-policy-coordination-instrument-and-request-for-modification-50026)

## Other formats

- [Markdown version](/en/publications/cr/issues/2021/01/19/senegal-second-review-under-the-policy-coordination-instrument-and-request-for-modification-50026/index.md)
- [Structured JSON version](/en/publications/cr/issues/2021/01/19/senegal-second-review-under-the-policy-coordination-instrument-and-request-for-modification-50026/index.json)
- [Bundle manifest](/en/publications/cr/issues/2021/01/19/senegal-second-review-under-the-policy-coordination-instrument-and-request-for-modification-50026/bundle-manifest.json)

## Bibliographic details
- Published: January 19, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513567020.002

---

### Economic impact and policy response
- 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.

### IMF financing and support
- The IMF disbursed US$442 million (100 percent of quota) under the RFI/RCF in April to support the crisis response.

### Recovery plan and fiscal framework
- 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.

### Subjects, keywords, and analytical focus
- 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.

### Publication and document specifics
- 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

*International 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).*

---

## Content in this bundle

- **1senea2021001**
  - [1senea2021001 (Markdown version)](/-/media/files/publications/cr/2021/english/1senea2021001.pdf.md){rel="alternate" type="text/markdown"}
  - [1senea2021001 (PDF)](/-/media/files/publications/cr/2021/english/1senea2021001.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2021/01/19/senegal-second-review-under-the-policy-coordination-instrument-and-request-for-modification-50026_