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Relevant bits below..

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https://www.imf.org/en/News/Article...ff-level-agreement-with-senegal-under-the-pci

IMF Staff Concludes a Staff-Level Agreement with Senegal Under the Policy Coordination Instrument

September 23, 2019

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An International Monetary Fund (IMF) staff team, led by Ms. Corinne Deléchat, visited Dakar from September 12 to 23, 2019 to conduct discussions with the Senegalese authorities on a three-year programme supported by the Policy Coordination Instrument (PCI).

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The program will support the implementation of the second phase of the Emerging Senegal Plan (Plan Sénégal Émergent – PSE II) and aims, in particular, to achieve sustainable and inclusive growth driven mainly by the private sector and to strengthen macroeconomic stability through maintaining fiscal sustainability and prudent debt management. Through this program, the authorities also aim to establish sustainable and transparent management of the recent hydrocarbon discoveries.

“The medium-term economic outlook remains favourable. Growth is expected to increase from 6% in 2019 to 7% in 2020-21, driven by private investment, before gaining new momentum with the start of commercial production of hydrocarbons in 2022. Inflation is expected to remain low over the medium term. The current account deficit is expected to increase until 2021 as a result of imports needed for the construction of hydrocarbon projects and a decline is expected once oil and gas production and exports begin.

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“The mission met with His Excellency, Mr. Macky Sall, President of the Republic, the Minister of Finance and Budget, Mr. Abdoulaye Daouda Diallo, the Minister of Economy, Planning and Cooperation, Mr. Amadou Hott, the Minister of Oil and Energy, Mr. Mouhamadou Makhtar Cissé, BCEAO National Director, Mr. Ahmadou Lo, as well as other senior officials, and development partners and representatives from the private sector.

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