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Senegal - Joint World Bank-IMF Debt Sustainability Analysis.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Debt and Creditworthiness Study.
- World Bank e-Library.
- Debt and Creditworthiness Study
- Language:
- English
- Subjects (All):
- Debt Markets.
- External Debt.
- Finance and Financial Sector Development.
- Fiscal Policy.
- Public Sector Development.
- Risk Assessment.
- Local Subjects:
- Debt Markets.
- External Debt.
- Finance and Financial Sector Development.
- Fiscal Policy.
- Public Sector Development.
- Risk Assessment.
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- Senegal has expanded its debt perimeter to include para-public entities and state-owned enterprises (SOEs) and remains at low risk of debt distress despite short-term breaches of two external debt indicators under the most extreme scenarios. The low risk of debt distress is predicated on: (i) ongoing debt liability management, guarantees to address currency risk, access to liquid financial assets and a sound track record of market access; and (ii) adherence to the planned fiscal consolidation path, an acceleration of reforms, and a prudent borrowing strategy. Looking ahead, it will be important to contain fiscal pressures from Treasury operations and address fiscal risks from the broader public sector, including the energy sector.
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