SENEGAL SENEGAL | Overview

Official name: Republic of Senegal

Capital: Dakar

Official languages: French

Monetary unit: CFA Franc

Population (million): 14.1

Total area (sq km): 196,190


OVERVIEW

Senegal is located in the western of Mainland Africa and facing the Atlantic Ocean. Since 2006, the Senegal economy has been growing by an average of 4 percent. A main challenge for the country is poverty incidence that the Government is trying to address.

Senegal aspires to be an emerging economy by 2035. To realize the aspiration, Senegal is focusing on improving the investment climate, cost of energy, and governance systems to enable the private sector to stimulate the economy. In addition, external shocks and natural disasters need also to be considered as they may negatively affecting growth and the vulnerability of the entire economy.


Year joined ICD:

Number of projects approved: 2

Gross Approval ($US million): 23.58

Gross Disbursement ($US million): 28.64*