IMF Staff Country Reports

Senegal: 2021 Article IV Consultation, Fourth Review Under the Policy Coordination Instrument, First Reviews Under the Stand-By Arrangement and the Arrangement Under the Standby Credit Facility, and Request for Modification of Performance Criteria and Quantitative Targets

January 14, 2022

Download PDF

Preview Citation

Format: Chicago

Senegal: 2021 Article IV Consultation, Fourth Review Under the Policy Coordination Instrument, First Reviews Under the Stand-By Arrangement and the Arrangement Under the Standby Credit Facility, and Request for Modification of Performance Criteria and Quantitative Targets, (USA: International Monetary Fund, 2022) accessed December 16, 2024

Also available in: français

Summary

The COVID-19 pandemic interrupted a decade of high growth and development progress in Senegal. While a recession was avoided in 2020, the pandemic caused severe hardship and most households experienced income and job losses. A dynamic recovery is underway since mid-2020, supported by expansionary fiscal policy. However, higher fiscal deficits and lower growth have resulted in a rapid increase of the debt-to-GDP ratio and fiscal space is narrowing. COVID-19 case numbers remain comparatively low and about 14 percent of the adult population is vaccinated. Recent pandemic waves had little impact on economic activity in the absence of new lockdowns or movement restrictions.

Subject: Budget planning and preparation, Energy subsidies, Expenditure, External debt, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Budget planning and preparation, CPI weight, Debt sustainability risk, Energy subsidies, Global, Plan Sénégal emergent, Senegalese authorities, Spending transparency, West Africa

Publication Details

  • Pages:

    133

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2022/008

  • Stock No:

    1SENEA2022001

  • ISBN:

    9781616358891

  • ISSN:

    1934-7685

You May Also Be Interested In...

Sri Lanka: Debt Management Reform Plan

December 17, 2024

Rwanda: Fourth Review Under the Policy Coordination Instrument, Second and Final Review Under the Stand-By Credit Facility Arrangement, Fourth and Final Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for the Modification of End-June 2025 Quantitative Target for the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

December 16, 2024

Seychelles: Third Reviews Under the Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility and Request for Rephasing of Access Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Seychelles

December 16, 2024

Benin: Selected Issues

December 13, 2024