Senegal Economic Updates monitor significant recent economic developments in the country, highlighting the key structural challenges Senegal faces in its pursuit of inclusive and sustained growth, and analysing policy options. The findings, interpretations, and conclusions expressed in these reports do not necessarily represent the views of the World Bank and are entirely those of the authors.
Senegal Economic Update 2024: Seizing the Opportunity
- Mounting international and regional uncertainties will require proactive actions to uphold hard-won socioeconomic gains of the past decade. Political uncertainties linked to the presidential election affected economic activity during the second half of 2023 and in 2024Q1. Furthermore, international and regional financial markets have tightened, resulting in further deterioration of fiscal and external imbalances.
- Raising tax revenues provides fiscal space to advance development objectives and plays a pivotal role in improving the living conditions of Senegalese.
- This Senegal Development Update focuses on (i) poverty and equity in a context of multiple crises, and (ii) options to boost tax revenue collection through the personal income tax.
