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Political Science > Environmental Policy

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Cover IMF Staff Country Reports
Sénégal: Premiè Res Revues des Accords au Titre du Mécanisme Élargi de Crédit, de la Facilité Élargie de Crédit et de la Facilité pour la Résilience et la Durabilité ; Demandes de Modification de Critè Res de Réalisation Quantitatifs et de Réechelonnement de L'accès — Communiqué DE Presse, Rapport des Services du FMI et Déclaration de L'Administrateur pour le Sénégal
International Monetary Fund. African Dept.
The Senegalese economy continues to face headwinds. Despite the difficult socioeconomic environment, the authorities remain committed to the program objectives. Some of the downside risks identified at the time of the program request have materialized, leading to a downward revision of near-term growth. Inflation is projected to decline more gradually than anticipated. While near-term risks remain titled to the downside, with appropriate policies and the start of hydrocarbon production, medium-term prospects are favorable.
Keywords:
Senegalese authorities; RSF arrangement; government infrastructure loan; unfaltering commitment; RSF reform area; Policy discussion; Resilience and Sustainability Facility arrangement; Climate change; Budget planning and preparation; Climate finance; Global; West Africa; Middle East
Cover IMF Staff Country Reports
Senegal: First Reviews Under the Extended Fund Facility, the Extended Credit Facility, and the Resilience and Sustainability Facility Arrangements, Requests for Modification of the Quantitative Performance Criteria and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Senegal
International Monetary Fund. African Dept.
This paper presents Senegal’s First Reviews under the Extended Fund Facility, The Extended Credit Facility, and the Resilience and Sustainability Facility (RSF) Arrangements, Requests for Modification of the Quantitative Performance Criteria Rephasing of Access. The Senegalese economy continues to face headwinds as it recovers from the coronavirus disease 2019 pandemic. The Senegalese economy continues to face headwinds. Some of the downside risks identified at the time of the program request are materializing, leading to a downward revision of growth and higher inflation projected for 2023/24. Near-term risks remain titled to the downside, but medium-term prospects remain favorable with appropriate policies and the start of hydrocarbon production. Significant progress has been achieved in implementing structural reforms. The authorities are implementing the structural reforms agreed under the program, including steps to strengthen revenue administration and public financial management, enhance governance and improve the anti-corruption frameworks. Reforms agreed under the RSF are being implemented steadily.
Keywords:
Senegalese authorities; RSF arrangement; government infrastructure loan; unfaltering commitment; RSF reform area; Policy discussion; Resilience and Sustainability Facility arrangement; Climate change; Budget planning and preparation; Climate finance; Global; West Africa; Middle East
Cover IMF Staff Country Reports
Senegal: Requests for an Extended Arrangement Under the Extended Fund Facility, an Arrangement Under the Extended Credit Facility, and an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Senegal
International Monetary Fund. African Dept.
This paper presents Senegal’s Requests for an Extended Arrangement under the Extended Fund Facility (EFF), an Arrangement under the Extended Credit Facility (ECF), and an Arrangement under the Resilience and Sustainability Facility (RSF). The Senegalese economy has been severely impacted by different shocks including the rising food and energy prices, tightening financial conditions, weaker external demand, and the US dollar appreciation. The EFF/ECF-supported program will help meet Senegal’s protracted balance of payment needs and address macroeconomic imbalances. Policy priorities under the EFF/ECF program include reducing debt vulnerabilities by embarking on a growth-friendly fiscal consolidation, strengthening governance, and delivering a more inclusive and job-rich growth. The RSF aims to tackle longer-term structural challenges related to climate change and the implementation of climate policies. The RSF will support Senegal's climate change mitigation objectives, accelerate the country’s climate change adaptation, and support work to mainstream climate change considerations into the budget process.
Keywords:
authorities' fiscal policy goal; Senegalese authorities; policy reform; EFF request; RSF arrangement; ECF-supported program; Climate change; Budget planning and preparation; Global; West Africa
Cover IMF Staff Country Reports
Senegal: Requests for an Extended Arrangement Under the Extended Fund Facility, an Arrangement Under the Extended Credit Facility, and an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Senegal
International Monetary Fund. African Dept.
This paper presents Senegal’s Requests for an Extended Arrangement under the Extended Fund Facility (EFF), an Arrangement under the Extended Credit Facility (ECF), and an Arrangement under the Resilience and Sustainability Facility (RSF). The Senegalese economy has been severely impacted by different shocks including the rising food and energy prices, tightening financial conditions, weaker external demand, and the US dollar appreciation. The EFF/ECF-supported program will help meet Senegal’s protracted balance of payment needs and address macroeconomic imbalances. Policy priorities under the EFF/ECF program include reducing debt vulnerabilities by embarking on a growth-friendly fiscal consolidation, strengthening governance, and delivering a more inclusive and job-rich growth. The RSF aims to tackle longer-term structural challenges related to climate change and the implementation of climate policies. The RSF will support Senegal's climate change mitigation objectives, accelerate the country’s climate change adaptation, and support work to mainstream climate change considerations into the budget process.
Keywords:
authorities' fiscal policy goal; Senegalese authorities; policy reform; EFF request; RSF arrangement; ECF-supported program; Climate change; Budget planning and preparation; Global; West Africa