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This paper discusses Senegal’s Fifth Review Under the Policy Support Instrument and Request for Modification of Assessment Criterion. Senegal’s macroeconomic situation is stable. Growth is expected to exceed 6 percent in 2017 for the third year in a row, while inflation remains low. The fiscal deficit has been declining progressively in recent years and is projected to reach 3.7 percent of GDP in 2017. The current account deficit is projected to increase to 7.8 percent of GDP in 2017 owing to higher oil prices and slightly slower export growth. The outlook for the Senegalese economy remains on the whole positive. Senegal needs to continue implementing its structural reform program to maintain high growth rates of recent years.

Senegal --- Dēmokratia tēs Senegalēs --- Gouvernement de la République du Sénégal --- Gouvernement du Sénégal --- Gweriniaeth Sénégal --- Réewum Senegaal --- Republic of Senegal --- Republica de Senegal --- República del Senegal --- Rèpublica du Sènègal --- Republiek van Senegal --- Republik Senegal --- Republika Senegal --- République du Sénégal --- Rėspublika Senehal --- Saaxle Senegaal --- Senegalē --- Senegali Vabariik --- Senegalská republika --- Senegaru --- Senehal --- Seneqal --- Seneqal Respublikası --- Sinighāl --- Territoire du Sénégal --- Σενεγαλη --- Δημοκρατια της Σενεγαλης --- Рэспубліка Сенегал --- Сенегал --- سنغال --- セネガル --- French Sudan --- Mali --- Mali Federation --- Sudanese Republic --- Economic conditions --- Budgeting --- Exports and Imports --- Public Finance --- Industries: Financial Services --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Taxation, Subsidies, and Revenue: General --- National Budget --- Budget Systems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Public finance & taxation --- International economics --- Budgeting & financial management --- Finance --- Public debt --- Revenue administration --- External debt --- Debt sustainability analysis --- Budget planning and preparation --- Public financial management (PFM) --- Debts, External --- Debts, Public --- Revenue --- Budget --- Debt service