Front Matter

Front Matter Page

© 2001 International Monetary Fund

October 2001

IMF Country Report No. 01/188

Senegal: Selected Issues

This Selected Issues paper for Senegal was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on August 29, 2001. The views expressed in this document are those of the staff team and do not necessary reflect the views of the government of Senegal or the Executive Board of the IMF.

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Front Matter Page

INTERNATIONAL MONETARY FUND

SENEGAL

Selected Issues

Prepared by a staff team consisting of Mr. Basu (head), Mr. Diogo, Mr. Yao, Ms. Kende-Robb, Mr. Walliser, Mr. Caupin, and Mr. Leruth (FAD)

Approved by the African Department

August 29, 2001

Contents

  • Basic Data

  • I. Developments in the Groundnut Sector

    • A. The Importance of the Groundnut Sector for the Senegalese Economy

    • B. The Organization of the Groundnut Sector and Recent Developments

    • C. Demand and Supply Conditions for Groundnuts

    • D. Financial Situation of SONACOS in 2001

  • II. The Circuit of the Treasury and Postal Service Deficits

    • A. Key Features of the Circuit du Trésor

    • B. The Evolution of the Circuit du Trésor

    • C. The Circuit du Trésor and the Shortage of Liquidity

    • D. Correspondent Accounts and Postal Service Deficits

    • Appendix: The Circuit du Trésor in Francophone Africa

  • III. The Senegalese Pension System

    • A. The National Retirement Fund

    • B. IPRES

  • IV. Poverty-Related Issues

    • A. Preliminary Poverty and Social Impact Analysis

    • B. Treatment and Use of HIPC Initiative Debt Relief

  • Figures

  • World Prices of Groundnut Oil

  • Exports of Groundnut Oil

  • Estimated Groundnut Sector Share of GDP

  • Change in Log Senegalese Export Volumes and Change in Log World Market Price, 1961-2001

  • Text Tables

  • 1. Determinants of the Amount of Groundnuts Collected

  • 2. Sources of Financing for the 2000/01 Agricultural Campaign

  • Statistical Tables

  • 3. GDP by Economic Sector at Constant 1987 Prices, 1993-2000 (In billions of CFA francs)

  • 4. GDP by Economic Sector at Constant 1987 Prices, 1993-2000

  • 5. Supplies and Use of Resources at Current Prices 1993-2000

  • 6. Level of Rainfall on the Groundnut Basin, 1960/61-2000/01

  • 7. Production and Disposition of Groundnuts (Unshelled), 1992/93-2000/01

  • 8. Cereals Balance, 1992/93-2000/2001

  • 9. Production, Area Under Cultivation, and Yields of Principal Crops, 1992/93-2000/01

  • 10. Producer Prices of Main Agricultural Products, 1992/93-2000/01

  • 11. Fish Catch by Domestic and Foreign Vessels, 1993-2000

  • 12. Foreign Fish Catch by Vessel Nationality, 1992-99

  • 13. Evolution of Livestock, 1993-2000

  • 14. Indices of Industrial Production, 1993-2000

  • 15. Principal Mineral and Industrial Products, 1992-2000

  • 16. Production, Sales, and Prices of Lime Phosphates, 1993-2000

  • 17. Imports of Crude and Refined Petroleum Products by the Société Africaine de Raffinage (SAR) 1993-2000

  • 18. Exports of Refined Petroleum Products by the Société Africaine de Raffinage (SAR), 1993-2000

  • 19. Retail Prices of Liquid Petroleum Products, July 1991-March 2001

  • 20. Trends in the Tourism Sector, 1992-2000

  • 21. Public Investment, 1995-2000

  • 22. Index of Consumer Prices, 1991-2000

  • 23. Price Control System (As of March 2001)

  • 24. Nominal and Real Minimum Wages, July 1982-December 2000

  • 25. Government Financial Operations, 1994-2000

  • 26. Fiscal Performance, 1994-2000

  • 27. Outstanding Payments Arrears of the Central Government, 1994-2000

  • 28. Budgetary Revenue, 1994-2000

  • 29. Current Budgetary Expenditure, 1994-2000

  • 30. Government Wage Bill and Number of Civil Servants, 1994-2000

  • 31. Minimum and Maximum Salaries for Selected Civil Servants, September 1993-January 2001

  • 32. Social Expenditures, 1994-2000

  • 33. Monetary Survey, 1995-2000

  • 34. Summary Accounts of Central Bank, 1995-2000

  • 35. Summary Accounts of Commercial Banks, 1995-2000

  • 36. Banking System Claims on central Government, 1995-2000

  • 37. Factors Affecting Money Supply, 1995-2000

  • 38. Indicators of Financial Savings, 1995-2000

  • 39. Net Foreign Assets of the Central Bank of West African States (BCEAO), December 1995-December 2000

  • 40. Statutory Ceilings on Central Bank Advances to the Government and Actual Advances, 1995-2000

  • 41. Distribution of Credit to the Economy, 1995-2000

  • 42. Commercial Banks and Financial Institutions (As of December 2000)

  • 43. Net Income of Banking System, 1993-99

  • 44. Observance of the Prudential Ratios by Banking System, 1994-2000

  • 45. Interest Rate Indicators, 1992-2000

  • 46. Discount Rates Applied by Central Bank, 1975-2000

  • 47. Supply and Demand in Overnight Money Market, 1990-2000

  • 48. Money Market Interest Rates, 1995-2000

  • 49. Commercial Banks Deposit Rates, 1992-2000

  • 50. Maximum Lending Rates Applied by Commercial Banks, 1992-2000

  • 51. Balance of Payments, 1995-2000 (In billions of CFA francs)

  • 52. Balance of Payments, 1995-2000 (In millions of SDRs)

  • 53. Export and Import Price, Volume, and Terms of Trade Indices, 1995-2000

  • 54. Merchandise Exports, 1995-2000

  • 55. Merchandise Imports, 1995-2000

  • 56. Direction of Foreign Trade, 1993-2000

  • 57. Services and Transfers Accounts, 1996-2000

  • 58. External Public Debt Outstanding, 1993-2000

  • 59. External Public Debt Ratios, 1993-2000

  • 60. Public Sector Loan Disbursements, 1993-2000

  • 61. Structure and Terms of External Public Debt Commitments, 1993-2000

  • 62. External Public Debt Service, 1993-99

  • 63. Exchange Rates, 1993-99

  • 64. Nominal and Real Effective Exchange Rate Indices, 1993-2000

  • Appendix

  • Summary of Tax System, as of May 2001

Front Matter Page

Senegal: Basic Data

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Senegal: Selected Issues
Author: International Monetary Fund