HEADLINES

CONJUNCTURE

  • WORLD ECONOMIC GROWTH AND INFLATION

    After a slight dip in growth in 2013, the world economy would certainly do no better in 2014, given the already low levels recorded over the past period, even though at the beginning of the year, the different initial forecasts of most international organizations have bet on a significant improvement in activity.


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  • Lower prices for industrial production

    Lower prices for industrial production In November 2014, the industrial activity is marked by a 0.9% decline in producer prices. This is mainly explained by lower producer prices of chemical (-4.5%) and food (- 0.2%) industries. However, the increase in producer prices of construction materials industries (+ 0.3%) and mechanical engineering (+ 0.1%) could not reverse the trend. 

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  • The Harmonized Index of Consumer Prices at the base 100 in 2008 decreased by 0.1% in December 2014 compared to the previous month.

    This change is attributable to the decline in services prices of «housing, water, electricity, gas and other fuels", “transportation" and "recreation and culture". Year over year, the consumer prices fell by 0.8%. The annual inflation rate in 2014 stood at 1.1%.

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  • The National Index of Consumer Prices fell by 0.4% in October 2014 compared to the previous month.

    This was the result of lower prices of "food and non-alcoholic beverages" (-0.9%). However, it is mitigated by the increased cost of services of "communication" (+ 2.8%), «education" (+ 1.8%) and "clothing and footwear articles" (0.6 %). Year over year, the consumer prices fell by 2.3%. The average price ratio of the first ten months of 2014 over that of the corresponding period of 2013 shows 1.5% decrease.

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EMERGENT SENEGAL PLAN

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1. For more than fifty years, Senegal has experienced rates of economic growth close to the rate of population growth. This poor performance has not permitted a sustainable reduction in poverty.Overall, the reduction in poverty incidence has been especially weak in rural areas. This situation stands in contrast with the stated objectives of the economic and social policy papers so far adopted.
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RELEASES & ANNOUNCEMENTS

TAXATION APPLICABLE TO THE TRANSMISSION OF SHARES BETWEEN PETROTIM LIMITED, TIMIS CORPORATION AND KOSMOS ENERGY
During the research and development phases, the agreement or contract holders and companies associated with them within the framework of duly approved protocols or agreements, are exempt from all taxation for the benefit of the State, in accordance with Act No. 98-05 from 08 January 1998 on Oil Code and the law 2012-31 of 31 December 2012 on the tax Code. Any information to create the impression that taxes amounting to CFAF 90 billion would have been evaded is false. The law on the oil code applicable in the present case, as well as the agreement between the State of Senegal and PETROTIM limited, predate the arrival in power of His Excellency President Macky Sall.
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TRIENNAL PUBLIC INVESTEMENT PROGRAM (PTIP) 2015- 2017

Ce document décrit, dans un premier temps, les caractéristiques générales du programme triennal d’investissements publics sur la période 2015-2017 avec, d’une part, la mise en exergue des axes stratégiques de la politique eéconomiqueet sociale... Lire site

PRIORITY ACTION PLAN

The PAP operationalizes the Emergent Senegal Plan through the alignment of strategic priorities, sectorial targets and lines of action, with development projects and programs within a budget framework for the period 2014-2018. To determine priorities, lines of action were evaluated based on their likely contribution, mainly on economic growth and sustainable human development. 2. Lines of action and measures on the number of 451 were subjected to the evaluation grid below that allowed the definition of actions' priority levels to come into 190 priority actions (42%).>>> Read next

KEY INDICATORS

  • Quarterly GDP: + 3.6% (Q2)
  • Harmonised Index: + 0.8% (Oct.)
  • National Index: + 0.4% (Sep.)
  • Export: -33.6% (August)
  • Import: -11.0% (August)
  • Export prices: -2.7% (August)
  • Import prices: -0.6% (August)
  • Inflation: -0.7% (S1)
  • Competitiveness: +0.2
  • Current account balance: -10% of GDP
  • Budget balance: -5.1% of GDP
  • Growth rate: +4.9%

MAP -MEFP

Contacts

Rue René Ndiaye x Avenue Carde, 4017 Dakar
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