January 9, 2006
1. We thank staff for the comprehensive set of papers on Senegal and for providing the authorities with useful policy advice. We also would like to commend Management and staff for their diligence in bringing these papers within tight deadlines for Board consideration. We express gratitude to Directors for agreeing to waive the minimum circulation period in this case. We are pleased to convey to the Executive Board the authorities’ appreciation of its decisive role in Senegal’s qualification under the MDRI debt relief. The decision that Senegal meets all the criteria to qualify for immediate debt relief is a clear recognition of the authorities’ sound macroeconomic policies, consistent implementation of the PRS, and robust PEM systems. Nevertheless, my authorities view the MDRI debt relief as an invitation to persevere in strengthening macroeconomic and structural policies, enhancing budget management and their poverty reduction strategy with a view to achieving growth and poverty reduction objectives and making the best use of the resources freed by the multilateral debt relief to that effect.