Chapter
Promote Exports and Export Quality and Expand to New Markets
Unlock Supply Constraints
Annex 1: Identification of High-Growth and High-Debt Countries
Chapter 2. Strengthening Senegal's Fiscal Framework
Fiscal Performance during the Past Decade
Challenges for Public Finances under the PSE
Strengthening Senegal’s Public Finances and Its Fiscal Framework
Conclusions and Recommendations
Chapter 3. External Stability
Current Account and Senegal’s Twin Deficits
Foreign Direct Investment and Remittances
Structural Competitiveness
Reforms to Achieve Higher Exports
Chapter 4. Growth, Structural Transformation, and Export Diversification
Chapter 5. Solving the Electricity Puzzle
The Electricity Sector Represents Both Challenges and Opportunities for the Plan Sénégal Emergent
Successful Electricity Reforms
Chapter 6. Social Safety Nests in Senegal
Government Response to Shocks and Existing Safety Nets in Senegal
Renewed Efforts to Establish an Effective National Social Protection System
Recommendations to Further Consolidate the National Social Protection System
Chapter 7. Performance Under the 2011–14 Policy Support Instrument
Macroeconomic Performance
Box 2. Export Diversification and Quality
Box 3. Social Safety Programs in Senegal in 2011
Figure 1. Senegal: Comparators versus High-Debt Countries([Sup1])
Figure 2. Bilateral Goods Trade, United States and Senegal
Figure 3. Real GDP Growth Projections under Different Multiplier Assumptions
Figure 4. Factors of Prolonged Periods of Positive Growth
Figure 5. Vulnerability to Spillovers from the Global Economy
Figure 6. The Evolution of Spending and Revenues in Senegal, 2000–14
Figure 7. The Increase in Expenditure Items, 2003–14
Figure 8. The Wage Bill as a Share of Revenues, 2014
Figure 9. The Composition of the Wage Bill, 2002–13
Figure 10. The Composition of Capital Spending, 2009–13
Figure 11. Public Spending Composition under the PSE, 2014–18
Figure 12. Differences between Approved Budget and Outcomes
Figure 13. Overall Index of Budget Institutions
Figure 14. Components of the Index of Budget Institutions
Figure 15. Current Account and Fiscal Deficit (Percent of GDP)
Figure 16. Export Performance and Exchange Rate
Figure 17. Workers’ Remittances
Figure 18. Ease of Doing Business
Figure 19. Global Competitiveness Index
Figure 20. Real and Nominal Effective Exchange Rates
Figure 21. Growth and Volatility
Figure 23. Export— Diversification
Figure 24. Agricultural and Manufacturing Quality
Figure 25. Export Concentration and Quality
Figure 26. The Informal Nonagricultural Sector
Figure 27. The Fiscal Costs of the Electricity Sector
Figure 28. Senegal: Expenditure on Subsidies (Percent of GDP)
Figure 29. Poverty, Shocks, and Consumption
Figure 30. Spending on Social Security Nets in 2011
Figure 31. Cost per Beneficiary per Program
Figure 32. Macroeconomic Developments
Figure 33. Detailed Fiscal Performance
Figure 34. Performance under the 2011–14 IMF Policy Support Instrument
Figure 35. The IMF’s Technical Assistance
Table 1. List of High-Growth and High-Debt Countries
Table 2. Total External Debt, Central Government
Table 3. Output Volatility and Product Diversification in Sub-Saharan Africa
Table 4. Output Volatility and Trade Partner Diversification in Sub-Saharan Africa
Table 5. Growth Projection Errors
Making Senegal a Hub for West Africa
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