Senegal: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Press Release; and Staff Report

Volume/Issue: Volume 2016 Issue 003
Publication date: January 2016
ISBN: 9781513556994
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
Paperback
PDF
English
French
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , tax revenue shortfall , target , June , debt service , debt sustainability , accounts payable , exchange rate , deficit target , GDP deflator , financing mix , Debt sustainability analysis , Budget planning and preparation , Public investment and public-private partnerships (PPP) , West Africa , Global

Also of interest
Summary

This paper discusses Senegal’s First Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Program performance through September was broadly satisfactory. All end-June assessment criteria were met but the end-June indicative target on tax revenue was missed because of a shortfall in customs revenue. Continued rationalization and better control of public expenditure helped meet the fiscal deficit target despite the shortfall in revenue. All structural benchmarks were met. In line with the IMF’s new debt limits policy, the authorities request the removal of the nonconcessional external debt assessment criteria. The IMF staff supports the authorities’ request for the completion of the first PSI review.