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This paper discusses key findings of the Third Review Under the Policy Support Instrument for Senegal. All end-December 2011 quantitative assessment criteria were met—except one on the overall fiscal balance, which was missed by a small margin. Some progress was achieved in structural reforms but a number of benchmarks were missed. The new authorities have confirmed their commitment to the objectives of the program. IMF staff recommends completion of the review and supports the waiver for nonobservance of the end-December 2011 assessment criterion on the overall fiscal deficit.

Fiscal policy --- Structural adjustment (Economic policy) --- Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- Government policy --- International Monetary Fund --- World Bank Group --- Grupa Svjetske banke --- Groupe de la Banque mondiale --- Gruppo della Banca mondiale --- Majmūʻat al-Bank al-Dawlī --- Nhóm Ngân hàng thế giới --- Grupo del Banco Mundial --- Internationaal monetair fonds --- International monetary fund --- 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 --- Economic indicators --- Debts, Public --- Debts, External --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- Debt --- International finance --- Investments, Foreign --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Bonds --- Deficit financing --- Business indicators --- Indicators, Business --- Indicators, Economic --- Leading indicators --- Economic history --- Quality of life --- Economic forecasting --- Index numbers (Economics) --- Social indicators --- Economic conditions. --- Economic policy. --- E-books --- Accounting --- Macroeconomics --- Public Finance --- National Government Expenditures and Related Policies: General --- Debt Management --- Sovereign Debt --- Trade Policy --- International Trade Organizations --- General Aggregative Models: General --- Public Administration --- Public Sector Accounting and Audits --- Public finance & taxation --- Sales tax, tariffs & customs duties --- Public finance accounting --- Public financial management (PFM) --- Government debt management --- Expenditure --- Current spending --- Expenditures, Public --- Customs administration --- National income