Race to the Next Income Frontier : How Senegal and Other Low-Income Countries Can Reach the Finish Line / Ali Mansoor, Salifou Issoufou, Daouda Sembene.

Format:

Book

Government document

Author/Creator:

Mansoor, Ali.

Contributor:

Issoufou, Salifou.

Sembene, Daouda.

Senegal. Ministère de l'économie, des finances et du plan (2014- ), issuing body.

International Monetary Fund, publisher.

Series:

Books

Language:

English

Subjects (All):

Economic development--Senegal.

Economic development.

Economic development--Africa, West.

Senegal--Economic conditions.

Senegal.

Africa, West--Economic conditions.

Africa, West.

Physical Description:

1 online resource (xvi, 414 pages) : illustrations

Place of Publication:

Washington, D.C. : International Monetary Fund, 2018.

Summary:

Through 18 chapters, this book draws on policy lessons from successful countries that have managed to overcome political economy constraints and reach upper-middle-income emerging market economy status to examine how Senegal can achieve per capita growth rates of four to five percent per year over a 20-year period, as well as lessons for other low-income countries. Contributors working in academia, civil society, and government in Senegal, as well as at the World Bank, in peer countries like Mauritius, Morocco, and Seychelles, and the International Monetary Fund, address creating a sound, balanced, and efficient fiscal framework through new revenue-raising measures, expenditure rationalization, and more efficient public investment; promoting an inclusive and deeper financial sector; relieving constraints on doing business and promoting private investment, including foreign direct investment; and achieving high, sustained, and inclusive growth. They discuss Senegal's macroeconomic environment and what it means to be an upper-middle-income emerging market economy, including the country's industrial framework, the Plan Senegal emergent growth targets, and dimensions of inclusive growth; revenue mobilization, public expenditure efficiency and rationalization, and debt sustainability; ways to make Senegal's financial system more stable, deeper, and more inclusive in the context of the West African Economic and Monetary Union; aspects of structural reform in the country and ways to implement reforms to achieve growth; and social inclusion and protection in Senegal.

Contents:

1. Overview / Salifou Issoufou, Ali Mansoor

Part I. Setting the stage

2. Can Plan Sénégal Émergent growth rates be achieved

and if so, how? / Ali Mansoor, Salifou Issoufou

3. A review of Senegal's industrial framework / Mor Talla Kane

4. Macro-structural reforms and emergence: lessons for Senegal / Alexei Kireyev

Part II. Establishing a sound, balance, and efficient fiscal framework

6. Reforms to mobilize revenue in Senegal: lessons from six emerging markets / Patrick Petit, João Tovar Jalles

7. Composition and rationalization of public consumption for emergence / Serigne Moustapha Sène

8. On the quest for higher growth: the role of public expenditure in Senegal / João Tovar Jalles, Carlos Mulas-Granados

9. Making public investment more effective: lessons for Senegal / Salifou Issoufou, Mouhamadou Bamba Diop, Rajesh Anandsing Acharuz

10. The sustainability of Senegal's public debt / Birahim Bouna Niang

Part III. Promoting an inclusive stable, and deeper financial sector

11. Key financial stability reforms as a path to emerging market economy status / Patrick A. Imam

12. Financial inclusion in Senegal: a catalyst for rmergence / Bamba Ka

Part IV. Structural reforms to promote private investment, including foreign direct investment

13. Structural reforms in countries that have achieved emerging market economy status: a comparative study

Aliou Faye, Bertrand Belle, Nyasha Weinberg

14. Governance, institutions, and emergence / Daouda Seembene

15. Relieving constraints on the business environment and supporting foreign direct investment / Mamadou Lamine Ba, Tom O'Bryan

16. Improving the contribution of the informal economy to GDP growth / Ahmadou Aly Mbaye, Nancy Benjamin

17. Policies, prices, and poverty: the sugar, vegetable oil, and flour industries in Senegal / Ahmadou Aly Mbaye, Stephen S. Golub, Philip English

18. Social protection and poverty reduction in Senegal / Oumar Bassirou Diop.

Notes:

"Ministry of Economy, Finance, and Planning, Republic of Senegal."

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9781484340592

1484340590

9781484340646

1484340647