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This paper presents key findings of the Third Review under the Policy Support Instrument (PSI) for Senegal. The budgetary slippages, which had seriously affected the economy and put Senegal’s PSI-supported program at risk, have been successfully addressed. In line with program commitments, the government’s unpaid bills have been substantially reduced and far-reaching public financial management reforms launched. A temporary fiscal easing relative to earlier program targets is envisaged for 2009 to help counter the impact of the external shock.

Economic development -- Senegal. --- Finance -- Senegal. --- International Monetary Fund -- Senegal. --- International Monetary Fund. --- Monetary policy -- Senegal. --- Senegal -- Economic conditions. --- Senegal -- Economic policy. --- Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- Statistics --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Fiscal Policy --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- National Budget --- Budget Systems --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- International economics --- Econometrics & economic statistics --- Budgeting & financial management --- Public debt --- External debt --- Fiscal stance --- Government debt management --- Budget planning and preparation --- Fiscal policy --- Public financial management (PFM) --- Expenditure --- Debts, Public --- Debts, External --- Budget --- Economic indicators --- Expenditures, Public --- Senegal