Senegal - Joint World Bank-IMF Debt Sustainability Analysis
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 lo...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/942321570772157097/Senegal-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-January-2019 http://hdl.handle.net/10986/32554 |
| 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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