Senegal’s economic ambition in West Africa charts a strategic course towards sustainable growth under the Senegal Emergent Investment Plan (2014-2035). This visionary blueprint targets structural development, leveraging tax revenues equivalent to nearly 20% of GDP and support from international donors to fuel progress. As a member of the West African Monetary Union (UEMOA), Senegal enjoys relative monetary stability.

Looking ahead, the Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO) is poised to embark on rate-cutting measures in 2024, in line with inflation targets nearing 3%. Concurrently, reforms aimed at enhancing revenue collection through digitalization and tighter controls are underway, paving the way for sustained fiscal health. Anticipated revenue boosts from gas and oil production, slated to commence in 2025 and constituting 1% of GDP, further underscore Senegal’s potential for economic expansion and resilience in the years ahead.