IMF Staff Country Reports

Senegal: Selected Issues

July 8, 2008

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Senegal: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Also available in: français

Summary

This Selected Issues paper analyzes Senegal’s real effective exchange rate (REER) and external competitiveness. A REER significantly above its equilibrium, as determined by economic fundamentals, can impede a country’s external competitiveness, calling for corrective macroeconomic measures. This paper finds no conclusive evidence of a REER overvaluation, implying that structural reforms are key to improving Senegal’s external competitiveness. The paper also describes Senegal’s export performance, developments of the REER, and an empirical analysis of the equilibrium REER. Structural measures of competitiveness are also illustrated.

Subject: Energy prices, Foreign exchange, Imports, Inflation, International trade, Prices, Real effective exchange rates, Trade liberalization

Keywords: Africa, Assumed price effect, Business environment, Caribbean, CR, Energy prices, EU imports, Europe, Export performance, Food price inflation, Global, Imports, Inflation, ISCR, Liberalization, Loss estimate, Price, Price increase, Real effective exchange rates, Revenue, Revenue loss, Senegal, Sub-Saharan Africa, Trade liberalization, Trade liberalization, West Africa

Publication Details

  • Pages:

    51

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/221

  • Stock No:

    1SENEA2008002

  • ISBN:

    9781451834093

  • ISSN:

    1934-7685

Notes

Also available in French