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Senegal: Economy

IMF seeks trade liberalisation in Senegal The IMF has praised Senegal for progress in stabilising its economy, achieving completion point for HIPC debt relief and reducing poverty. However, the organisation has put pressure on Senegal to open up its economy to foreign trade, arguing that liberalisation would further reduce poverty. Read more

Senegal groundnut privatization: farmers in crisis Senegal's farmers are still picking up the pieces after a disastrous attempt to privatize part of the groundnut sector in 2002, which left thousands of rural families on the brink of starvation. But despite this, the government is already under pressure from the IMF and World Bank to further privatise in order to qualify for debt relief. Read more From: Panos London Related: [Africa] [Senegal] [Agriculture] [Governance]

HIPC debt relief for Senegal Senegal has been granted significant debt service relief by the IMF and the World Bank, on grounds that structural reforms and political stability demanded by the HIPC Initiative have been achieved. More relief is likely to follow soon. From: afrol News Read more Image: The debt straitjacket © World Development Movement

Senegal needs deeper relief than HIPC can deliver In this analysis prepared before the recent HIPC Initiative trigger for Senegal, Jubilee Research posits that HIPC debt relief levels will be insufficient to enable the country to attain its MDGs. Only full debt cancellation will enable poverty strategies to be adequately pursued. Read more From: Jubilee Research @ NEF Related: [Senegal] [Development] [Debt]

World Bank in Senegal: economic medicine or madness A case study of the impact of World Bank and IMF prescriptions for Senegal concludes that key poverty indicators have gone into reverse and that the debt burden has unnecessarily increased. Read more From: World Development Movement Related: [Senegal] [Poverty] [Debt]

Protests against privatisation in Senegal Protestors take to the streets of Dakar to appeal against a government plan to privatise the Senegalese national lottery, LONASE, which the government says is inefficiently managed. Protestors view the proposal as part of a wider programme of privatisation imposed by the World Bank. Read more From: Red Pepper Related: [Senegal] [Economy]

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