in Short

Senegal : IMF acknowledges economic resilience amid tensions

Following the IMF team’s visit led by Edward Gemayel from April 25 to May 3, 2024, the IMF praises Senegal’s economic performance in 2023 despite tensions. « Growth exceeded expectations at 4.6%, reflecting a good agricultural campaign and a robust tertiary sector. Inflation also decreased faster than expected, dropping to 5.9%, » the institution states. Ambitious budgetary and structural reforms are needed to consolidate these gains. « The outlook remains favorable with growth now projected at 7.1% in 2024, down from the initial 8.3%, reflecting a delayed start in gas production. » To achieve the 3.9% deficit target by the end of 2024, ambitious measures to streamline fiscal spending and improve efficiency will be required in a supplementary budget, aiming for 3% in 2025.

Articles similaires

Laisser un commentaire

Bouton retour en haut de la page