Senegal: Selected Issues

January 14, 2015

Preview Citation

Format: Chicago

Senegal: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Also available in: français

Summary

This Selected Issues paper on Senegal revisits the challenges of emergence by tapping on the experience of other countries across the world that became emerging economies in the past two decades. It then looks at the preconditions needed for growth acceleration in Senegal. The paper also discusses options for strengthening Senegal’s fiscal framework to support Plan Sénégal Emergent (PSE) implementation while keeping risks of debt distress low. It provides an assessment of Senegal’s external stability and explores how to improve the structure of the Senegalese economy to make it more competitive with more diversified exports. The paper describes the electricity problem as a major impediment to growth acceleration. Improved revenue performance and expenditure composition are critical for creating the fiscal space to support the PSE. There is an opportunity cost for development spending, as the economy still faces bottlenecks from high electricity costs and insufficient electricity production. The share of the population living below the poverty line and its exposure to shock remains unacceptably high.

Subject: Budget planning and preparation, Commodities, Electricity, Expenditure, Export diversification, Exports, Human capital, International trade, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, CR, Electricity, Export diversification, Exports, Global, Government, Growth potential, ISCR, Plan Sénégal Emergent, PSE implementation, PSE investment, PSE target, Reform agenda, Senegal, Sub-Saharan Africa, West Africa

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/015
Stock No:

1SENEA2015002
ISBN:

9781484348475
ISSN:

1934-7685

Notes

Full text also available in French.

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