Growth in Senegal
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World Bank, Washington, DC
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Following several years of disappointing
economic performance, Senegal has made an important
turnaround, with real Gross Domestic Product (GDP) growth
averaging over 5 percent annually during 1995-2005. This
paper shows that macroeconomic and structural reforms are
key factors explaining this recovery. Drivers of sound
economic policy decisions in Senegal have included enhanced
democratic processes, political commitment to the West
African Economic and Monetary Union (WAEMU), and donor
community conditionalities.
Palabras clave
ACCESS TO EDUCATION, ADJUSTMENT POLICIES, ADMINISTRATIVE PROCEDURES, AGRICULTURAL OUTPUT, AGRICULTURAL SECTOR, AGRICULTURE, ARREARS, ARREARS ACCUMULATION, BALANCE OF PAYMENTS, BALANCE OF TRADE, BANKING CRISIS, BANKING REGULATION, BANKING SYSTEM, BILL, BUSINESS LAW, CAPITAL FORMATION, CENTRAL BANK, CHLORINE, CLIMATE CHANGE, CLIMATIC CONDITIONS, COMMERCIAL LAW, COMPANY LAW, COMPETITIVENESS, CONSOLIDATION, CORRUPTION, CREDIT POLICY, CREDITORS, CURRENCY, CURRENT ACCOUNT, CURRENT ACCOUNT BALANCES, CURRENT ACCOUNT DEFICIT, CUSTOMS DUTIES, CUSTOMS UNION, DEBT, DEBT RELIEF, DEBT RELIEFS, DECENTRALIZATION, DEMOCRATIC PROCESSES, DEPOSITS, DEVALUATION, DEVALUATION PERIOD, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPMENT ASSISTANCE, DEVELOPMENT BANK, DIVERSIFICATION, DOMESTIC ARREARS, DOMESTIC DEMAND, DOMESTIC SECURITY, ECONOMIC ACTIVITY, ECONOMIC DECISION, ECONOMIC DEVELOPMENT, ECONOMIC GEOGRAPHY, ECONOMIC GROWTH, ECONOMIC INTEGRATION, ECONOMIC OUTLOOK, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIC POLICY, ECONOMIC REFORM, ECONOMIC REFORMS, ECONOMIC RESEARCH, ECONOMICS, EMPLOYMENT OPPORTUNITIES, ENROLLMENT, ENVIRONMENTAL, EQUIPMENT, EXCHANGE RATE, EXCHANGE RATE POLICY, EXOGENOUS SHOCKS, EXPENDITURE, EXPORT DIVERSIFICATION, EXPORT PERFORMANCE, EXPORTS, EXPOSURE, EXTERNAL DEBT, FINANCIAL POLICY, FINANCIAL PRODUCTS, FINANCIAL SAVINGS, FINANCIAL SUPPORT, FINANCIAL VIABILITY, FINANCING OF ENTERPRISES, FIRST COMPANIES, FISCAL DEFICIT, FISCAL POLICIES, FISCAL POLICY, FISHERIES, FLEXIBLE INTEREST RATES, FOREIGN ASSETS, FOREIGN DEBT, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, GLOBAL ECONOMY, GOVERNANCE ISSUES, GOVERNMENT DEFICIT, GREENHOUSE GASES, GROSS CAPITAL FORMATION, GROWTH PERFORMANCE, GROWTH POTENTIAL, GROWTH RATE, HUMAN CAPITAL, IMPORT, IMPORTS, INCOME SHOCKS, INCOME-GENERATING ACTIVITIES, INEQUALITY, INFLATION, INFLATION RATE, INTERNATIONAL BANK, INTERNATIONAL COMPETITIVENESS, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INVENTORIES, INVESTMENT FUNDS, INVESTMENT RATES, INVESTOR INTEREST, JUDICIAL SYSTEM, LABOR COSTS, LABOR MARKET, LIVING CONDITIONS, LOSS OF REVENUE, MACROECONOMIC ENVIRONMENT, MACROECONOMIC STABILITY, MARKET CAPITALIZATION, MARKET MECHANISMS, MINIMUM WAGE, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, MONETARY UNION, MONEY MARKET, MONOPOLIES, MONOPOLY, NATURAL RESOURCES, OBSTACLES TO GROWTH, OIL, OIL PRICES, PEER PRESSURE, PEG, POLICY DECISIONS, POLICY MAKERS, POLITICAL ECONOMY, POVERTY ALLEVIATION, POVERTY REDUCTION, PRICE COMPETITIVENESS, PRIVATE CONSUMPTION, PRIVATE INVESTMENT, PRIVATIZATION, PRIVATIZATIONS, PRODUCTION COSTS, PRODUCTIVITY GROWTH, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC FINANCES, PUBLIC GOODS, PUBLIC INVESTMENT, PUBLIC-PRIVATE PARTNERSHIP, RATES OF INFLATION, RE-EXPORTS, REAL EFFECTIVE EXCHANGE RATE, REAL ESTATE, REAL EXCHANGE RATE, REAL EXCHANGE RATE MISALIGNMENT, REAL GDP, REGULATORY FRAMEWORK, REMITTANCES, RESERVES, RETURN, RULE OF LAW, SECURITIES, SECURITIES EXCHANGE, SLOW GROWTH, SOCIAL DEVELOPMENT, SOCIAL INEQUALITIES, SOURCE OF INCOME, STOCK EXCHANGE, STRUCTURAL ADJUSTMENT, STRUCTURAL REFORMS, TAX, TAX COLLECTION, TAX REVENUE, TAX SYSTEM, TAXATION, TELECOMMUNICATIONS, TOTAL EXPORTS, TRADE DEFICIT, TRADE POLICIES, TRADE PROTECTION, TRADE RESTRICTIVENESS, TRANSPARENCY, TREATY, UNCERTAINTIES, UNION, URBAN AREAS, WAGES, WITHDRAWAL, WORLD MARKETS, WORLD PRICES