Senegal: Selected Issues

January 4, 2017

Preview Citation

Format: Chicago

Senegal: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: français

Summary

This Selected Issues paper offers policy recommendations for Senegal to reach high and sustained growth with the goal of exiting low-income country status. For Senegal to reach Plan Sénégal Emergent (PSE) objectives, reforms under the PSE need to create space for small and medium-sized enterprises and foreign direct investment to thrive. Reform of Senegal’s business environment needs to be accelerated. Macrostructural reforms should be stepped up in the energy sector, in which Senegal still ranks 170th in the world. Progress in the electricity sector can be achieved by continuing to improve reliability of supply and reduce electricity costs. Reform of the taxation system, by simplifying procedures and optimizing the tax rates, is another macro-critical area in which Senegal needs to make significant strides.

Subject: Agricultural sector, Export diversification, Export performance, Exports, International trade, National accounts, Private investment, Revenue administration

Keywords: Africa, CR, Export, Export diversification, Export diversification, Export performance, Exports, FDI, GDP, Global, Growth performance, Growth potential, ISCR, Private investment, Product, Senegal, Sub-Saharan Africa, Tax buoyancy, Tax revenue, TFP performance, West Africa

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/002
Stock No:

1SENEA2017002
ISBN:

9781475564266
ISSN:

1934-7685

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