Senegal: Achieving High and Inclusive Growth While Preserving Fiscal Sustainability

Senegal: Achieving High and Inclusive Growth While Preserving Fiscal Sustainability
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Volume/Issue: Volume 2013 Issue 007
Publication date: October 2013
ISBN: 9781484379660
$20.00
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Summary

Senegal’s growth has been sluggish in recent years with implications for poverty reduction. Average growth was relatively strong in 1995–2005 and accompanied by a large drop in poverty incidence. Due partly to a series of exogenous shocks, growth decreased to an average of 3.3 percent in 2006–11. As a result, per capita income increased only modestly and poverty incidence barely decreased during this period and remains high.