Senegal: Request for a Three-Year Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Senegal

November 7, 2007

Preview Citation

Format: Chicago

Senegal: Request for a Three-Year Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Senegal, (USA: International Monetary Fund, 2007) accessed September 19, 2024

Also available in: français

Summary

The staff report for the Request for a Three-Year Policy Support Instrument (PSI) on Senegal explains economic developments. Allocations for priority spending suffered, and cash-flow problems resulted in payment delays to the private sector. The authorities intend to tackle key policy challenges under a three-year PSI. Slippages in restructuring public enterprises could raise fiscal risks and endanger banking system soundness. Weakening political resolve to implement structural reforms and address governance concerns could undermine policy credibility and reduce aid flows.

Subject: Capital spending, Expenditure, External debt, Fiscal policy, Public debt

Keywords: Africa, Authorities' Accelerated Growth Strategy, Authority, Capital spending, CR, Donor commitment, IMF endorsement, ISCR, Reform agenda, Restructuring plan, Senegalese authorities, Staff appraisal, Sub-Saharan Africa, Target, West Africa

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/358
Stock No:

1SENEA2007005
ISBN:

9781451834079
ISSN:

1934-7685

Notes

Also available online in French

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