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Senegal :, Request for a Three-Year Policy Support Instrument-Press Release; Staff Report; and Statement by the Executive Director for Senegal

This paper discusses Senegal’s Request for a Three-Year Policy Support Instrument (PSI). Performance under the two previous PSIs was mixed. The new PSI aims to support a three-year program of macroeconomic reforms designed to advance the authorities’ growth strategy—Plan Senegal Emergent (PSE). The growth goals enshrined in the PSE are achievable provided reforms are successfully implemented. Early signs indicate positive momentum owing to observed progress in reform implementation and favorable external factors. However, more remains to be done to solidify this momentum. Also, there are significant but manageable risks, which include sluggish implementation of reforms and election-driven pressures in 2016 and 2017. The IMF staff supports the authorities’ request for a PSI
Table Of Contents
Cover -- CONTENTS -- BACKGROUND, RECENT DEVELOPMENTS, OUTLOOK, AND RISKS -- PILLARS OF THE 2015-17 PROGRAM -- A. Achieving High, Sustainable, and Inclusive growth -- B. Preserving Macroeconomic Stability and a Prudent Fiscal Policy Stance -- C. Strengthening Institutions and Reforming the State -- D. Improving the Business Climate and Governance -- E. Technical Assistance -- PROGRAM ISSUES -- STAFF APPRAISAL -- BOX -- 1. Unlocking Growth Potential -- FIGURES -- 1. Historical Perspective 2000-2014 -- 2. Recent Developments and Short Term Projections -- 3. Recent Developments: High Frequency Indicators -- 4. Medium-Term Projections -- TABLES -- 1. Quantitative Assessment Criteria and Indicative Targets for 2015-16 (GSFM 2014) -- 2. Select Economic and Financial Indicators, 2013-2020 -- 3. Balance of Payments, 2014-20 (in Billions of CFAF) -- 4. Balance of Payments, 2013-20 (in Percent of GDP) -- 5a. Central Government Operations, GFSM 2001 Classification, 2014-20 (In Billions of CFAF) -- 5b. Central Government Operations, GFSM 2001 Classification, 2014-20 (in Percent of GDP) -- 6. Monetary Survey, 2012-14 -- 7. Financial Soundness Indicators, 2008-14 -- APPENDIX -- Letter of Intent -- Attachment I. Memorandum on Economic and Financial Policies ___________________________ 30 -- Attachment II. Technical Memorandum of Understanding
Literary Form
non fiction
Physical Description
1 online resource (71 pages)
Specific Material Designation
Form Of Item

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