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

June 8, 2016

Preview Citation

Format: Chicago

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

Also available in: français

Summary

This paper discusses key issues related to Senegal’s economy. Government proposals for constitutional reforms were approved by 63 percent of the vote in a referendum held on March 20, 2016. Growth was robust at 6.5 percent in 2015 and is projected to continue at a similar level this year. Although the economic outlook remains favorable, downside risks remain. Economic policies and structural reforms are needed to sustain growth and continued fiscal consolidation to meet regional convergence criteria. To keep growth buoyant, steadfast action is needed in following three areas: (1) improving business environment to open economic room for small- and medium-sized enterprises and foreign direct investment; (2) strengthening public financial management and governance; and (3) rebuilding government's fiscal space.

Subject: Budget planning and preparation, Expenditure, Financial institutions, Loans, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Authority, Budget planning and preparation, Convergence criteria, Convergence criterion, CR, Executive board discussion, Governance structure, Government, Government royalty, ISCR, Loans, PFM, Public investment and public-private partnerships (PPP), Public investment spending, Regime, Senegalese authorities, Structural reforms agenda, West Africa

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/144
Stock No:

1SENEA2016003
ISBN:

9781484379691
ISSN:

1934-7685

Notes

Also Available in French

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