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).
18 May 2020
Senegal: IMF-approved emergency financing providing vital liquidity to deal with COVID-19 impact
Event On 7 May, Senegal reported 1492 positive COVID-19 cases (13 deaths). Early on, the government declared a national state of emergency and ...