Senegal: Sixth Review Under the Policy Support Instrument and Request for Modification of an Assessment Criterion—Staff Report; Informational Annex; Press Release and Executive Director’s Statement

International Monetary Fund. African Dept.

thg 1 2014 · International Monetary Fund

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This paper discusses Senegal’s Sixth Review Under the Policy Support Instrument (PSI) and Request for Modification of an Assessment Criterion. GDP growth is on track to reach 4 percent in 2013 and is projected to increase to 4.6 percent in 2014. Inflation has been declining, following a good harvest, and should stay below 1 percent in 2013 and below 2 percent in 2014. Although all quantitative program targets for mid-2013 were met, structural reform implementation slowed significantly during the summer and most structural benchmarks were not met by their respective deadlines. The IMF Staff recommends completion of the sixth PSI review.