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).
23 Jul 2019
West African Economic and Monetary Union: Despite strong economic growth performance, the risks confronting the WAEMU are rife
The WAEMU as part of the CFA franc zone