Cover IMF Staff Country Reports
Senegal: Fifth Review Under the Policy Coordination Instrument, Second Reviews Under the Stand-By Arrangement and the Arrangement Under the Standby Credit Facility, and Requests for Augmentation of Access, Waiver of the Nonobservance of a Performance Criterion, and Modification of a Performance Criterion and Quantitative Targets-Press Release; Staff Report; and Statement by the Executive Director for Senegal
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 197
Language:
English
Publication Date:
27 Jun 2022
DOI:
https://doi.org/10.5089/9798400214219.002
ISBN:
9798400214219
ISSN:
1934-7685
Pages:
113
Keywords:
Policy discussion; policy trade-off; IMF's transparency policy; program statement; IMF staff calculation; Senegalese authorities; Government debt management; Energy subsidies; Global; West Africa
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The war in Ukraine is disrupting the post-pandemic recovery and exacerbating difficult policy trade-offs. This adds to a series of challenges facing the country, including the pandemic, the Ecowas sanctions against Mali, regional instability, and rising social demands. As a result, growth was revised down to 5 percent and inflation up to 5.5 percent in 2022. Medium-term prospects remain favorable with oil and gas production expected to start in 2023.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 197