Senegal: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Count

First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 131

Publication date: May 2004

ISBN: 9781451833935

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , PRGF loan , PRGF arrangement , reform agenda , government , emergency food import program , SDR , PRGF-supported program , Fiscal stance , West Africa

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Grenada

Peru

Nepal

Republic of Congo : 2001 Article IV

Summary

The First Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria for Senegal are discussed. Economic activity in the first half of 2003 has been weaker than envisaged under the program. The impact of softer domestic demand, reflecting mainly the drop in rural incomes in 2002 and a low pace of public spending in the first six months of the year, has been compounded by a slowdown in the mining and chemical sectors.