Besides its stable political scene, Senegal is also one of the strongest growth performers in western Africa. It has a better-than-average liquidity position compared to other WAEMU member states. Even though the current account deficit is structural, it’s ratio to export revenues remains relatively limited, while the country attracts sufficient financial inflows to finance the deficit. Consequently, Senegal’s short-term political risk was upgraded to category 4 (from 5).
27 Feb 2018
Rapid public debt build-up in Sub-Saharan Africa
Deteriorating public finances and transparency issues degrade public debt sustainability in Sub-Saharan Africa Highlights: