World BankInternational Monetary Fund2019-10-172019-10-172019-01https://hdl.handle.net/10986/32554Senegal 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.CC BY 3.0 IGODEBT SERVICE BURDENDEBT DISTRESSPUBLIC SECTOR DEBTCONTINGENT LIABILITYEXTERNAL DEBTEUROBONDSFISCAL POLICYDEBT MANAGEMENT STRATEGYSUSTAINABILITY ANALYSISRISK ASSESSMENTPUBLIC AND PUBLICLY GUARANTEED DEBTDEBT CAPACITYReportWorld Bank10.1596/32554