Senegal: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Press Release; and Staff Report

January 6, 2016

Preview Citation

Format: Chicago

Senegal: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Also available in: français

Summary

This paper discusses Senegal’s First Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Program performance through September was broadly satisfactory. All end-June assessment criteria were met but the end-June indicative target on tax revenue was missed because of a shortfall in customs revenue. Continued rationalization and better control of public expenditure helped meet the fiscal deficit target despite the shortfall in revenue. All structural benchmarks were met. In line with the IMF’s new debt limits policy, the authorities request the removal of the nonconcessional external debt assessment criteria. The IMF staff supports the authorities’ request for the completion of the first PSI review.

Subject: Budget planning and preparation, Debt sustainability analysis, Expenditure, External debt, Loans, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP)

Keywords: Accounts payable, Budget planning and preparation, CR, Debt service, Debt sustainability, Debt sustainability analysis, Deficit target, Exchange rate, Financing mix, GDP deflator, Global, ISCR, June, Public investment and public-private partnerships (PPP), Target, Tax revenue shortfall, West Africa

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/003
Stock No:

1SENEA2016001
ISBN:

9781513556994
ISSN:

1934-7685

Notes

Also available in French

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