Senegal: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Senegal

September 26, 2007

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Format: Chicago

Senegal: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Senegal, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that Senegal has experienced strong growth, price stability, and a declining debt stock owing to substantial debt relief, but macroeconomic performance weakened in 2006. Following robust performance in 2003–05, economic growth is estimated to have fallen below 3.5 percent. The economy remains vulnerable to exogenous shocks and is dependent on donor support. The external current account deficit, excluding grants, is estimated to have increased by about 5 percent of GDP between 2004 and 2006, owing to the oil price shock and ICS’ (chemical export company) difficulties.

Subject: Asset and liability management, Banking, Capital spending, Debt relief, Expenditure, External debt, Public debt

Keywords: Authorities' intention, Capital spending, CFA franc, CR, Debt relief, Deficit, Government, ISCR, Oil price shock, Price, Prudent debt management policy, Senegalese authorities, West Africa

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/335
Stock No:

1SENEA2007003
ISBN:

9781451834055
ISSN:

1934-7685

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