Senegal: Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria--Debt Sustainability Analysis-Press Release; Staff Report; and Statement by the Executive Director for Senegal

January 28, 2019

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Senegal: Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria--Debt Sustainability Analysis-Press Release; Staff Report; and Statement by the Executive Director for Senegal, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Also available in: français

Summary

Senegal’s main challenge is sustaining high GDP growth rates while maintaining fiscal sustainability and improving the business environment to create jobs for the fast-growing population. The second phase of the Plan Sénégal Emergent (PSE) covering 2019-23 sets out a comprehensive reform agenda to achieve these objectives. Fiscal reforms should aim to increase revenues, strengthen public financial management (PFM), and improve the composition and quality of spending. Structural reforms to facilitate private investment and competitiveness would provide durable sources of growth, while development of a fiscal framework for oil and gas aligned with international best practice would ensure that these natural resources provide high economic and social returns. Further progress on improving the business environment will require simplifying tax administration and reforms to facilitate SME access to finance, and further develop the Special Economic Zones (SEZs). Policies to address gender and inequality issues would contribute to poverty reduction and well-distributed growth.

Subject: Credit, External debt, Government debt management, Money, Public debt, Public financial management (PFM)

Keywords: Convergence criterion, CR, Credit, Debt, Deficit, FAD expert, Global, Government debt management, ISCR, PSI objective, Revenue projection, Senegal, West Africa, Women labor market participation

Publication Details

Pages:

123
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/027
Stock No:

1SENEA2019001
ISBN:

9781484396254
ISSN:

1934-7685

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