Publication: Senegal - Joint World Bank-IMF Debt Sustainability Analysis
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2019-01
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2019-01
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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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“World Bank; International Monetary Fund. 2019. Senegal - Joint World Bank-IMF Debt Sustainability Analysis. © World Bank. http://hdl.handle.net/10986/32554 License: CC BY 3.0 IGO.”
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