Senegal: Selected Issues

International Monetary Fund

No 2017/002, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Senegal; export; GDP; product; FDI; growth performance; tax buoyancy; growth potential; tax revenue; TFP performance; export diversification; Exports; Private investment; Export performance; Export diversification; Global; Sub-Saharan Africa; West Africa; Africa (search for similar items in EconPapers)
Pages: 54
Date: 2017-01-04
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Citations: View citations in EconPapers (1)

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