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Senegal: First Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release; and Statement by the Executive Director for Senegal
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 139
Language:
English
Publication Date:
16 Jun 2011
DOI:
https://doi.org/10.5089/9781455282586.002
ISBN:
9781455282586
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; growth potential; deficit; medium term debt management strategy; energy sector reform; energy sector support fund; debt burden indicator; Government debt management; Energy sector; West Africa
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Senegal's economic recovery is continuing and has been largely unaffected by the political crisis in Côte d’Ivoire. Policy discussions focused on the economic implications of two new developments since the program was approved in December 2010. Fiscal policy faces a difficult trade-off between additional priority expenditure and the need to preserve debt sustainability. The sustainability of Senegal’s external public and publicly guaranteed (PPG) debt appears vulnerable to rollover risks. This highlights the need for prudent debt management by Senegal, as it seeks to gain greater access to external resources.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund