Senegal: Poverty Reduction Strategy Paper Annual Progress Report

Volume/Issue: Volume 2010 Issue 368
Publication date: December 2010
ISBN: 9781455212880
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Economics- Macroeconomics , Environmental Economics , Demography , ISCR , CR , natural resources , production capacity , job creation , private sector , sustainable development , primary sector , civil society , West Africa , Africa , Global

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Summary

It is vital to achieve both high levels of sustained, long lasting growth and better income distribution through the Accelerated Growth Strategy in Senegal. In terms of macroeconomic performance, the annual average growth rate dropped owing to exogenous shocks and low productivity in the agricultural subsector. The economy is confronted by infrastructure deficits, a weak industrial fabric, and a continuing shortage of private investment. The objectives of economic emergence and achievement of all the Millennium Development Goals (MDGs) call for implementation of an integrated strategy focused on the challenges.