Senegal: Third and Fourth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 127

Publication date: March 2006

ISBN: 9781451834017

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Topics covered in this book

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Inflation , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , PRGF arrangement , government , PRGF loan , government indebtedness , poverty reduction objective , government of Senegal , Capital spending , Total expenditures , Poverty reduction strategy , Oil prices , West Africa

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Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

This paper focuses on Senegal’s Third and Fourth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criteria. Program implementation in 2005 was uneven. Most performance criteria (PCs) for the third and fourth reviews were met, except for the continuous PCs on the arrears of, and budgetary transfers to, the state electricity company, and the ceiling on no-bid public contracts. On the basis of the corrective actions taken and planned, the authorities requested waivers for the missed PCs.