Salifou Issoufou's Books

Race to the Next Income Frontier

How Senegal and Other Low-Income Countries Can Reach the Finish Line

By: Mr.Ali M. Mansoor,Salifou Issoufou,Mr.Daouda Sembene

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Race to the Next Income Frontier

How Senegal and Other Low-Income Countries Can Reach the Finish Line

By: Mr.Ali M. Mansoor,Salifou Issoufou,Mr.Daouda Sembene

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.

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Page Count

430

Publisher

International Monetary Fund

Published Date

ISBN 10

148430313X

ISBN 13

9781484303139

Efficient Energy Investment and Fiscal Adjustment in Senegal

By: Salifou Issoufou,Mr.Edward F. Buffie,Mouhamadou Bamba Diop,Kalidou Thiaw

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Efficient Energy Investment and Fiscal Adjustment in Senegal

By: Salifou Issoufou,Mr.Edward F. Buffie,Mouhamadou Bamba Diop,Kalidou Thiaw

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one at a time and of policy packages that increase public investment in energy and infrastructure in scenarios with varying degrees of debt finance and with different types of supporting fiscal adjustment. Lowering the fiscal deficit by raising taxes and cutting government expenditure has adverse effects on growth, real wages and the supply of public services. Senegal does not need, however, to undertake such difficult fiscal adjustment. A public investment program that coordinates new investment in low-cost hydroelectric, coal or gas-fired power with a phased contraction of the oil-based sector raises the total supply of energy by 70 percent, increases real wages and real GDP, stimulates private investment, and significantly reduces the fiscal deficit in the medium long term. More aggressive investment programs borrow against future fiscal gains to combine new energy investments with either delayed or frontloaded investments in non-energy infrastructure. These programs lead to much higher real wages and real GDP while keeping public debt sustainable and the fiscal deficit low in the medium and long term.

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International Monetary Fund

Published Date

ISBN 10

1484335007

ISBN 13

9781484335000

Race to the Next Income Frontier

How Senegal and Other Low-Income Countries Can Reach the Finish Line

By: Mr.Ali M. Mansoor,Salifou Issoufou,Mr.Daouda Sembene

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Race to the Next Income Frontier

How Senegal and Other Low-Income Countries Can Reach the Finish Line

By: Mr.Ali M. Mansoor,Salifou Issoufou,Mr.Daouda Sembene

Economic transformation and diversification require solutions that take account of the political economy of reform. This book explores the process of economic transformation, using Senegal as an example. Sound macroeconomic and fiscal policies are prerequisites for achieving this kind of transformation, but these policies need to include the appropriate industrial policies and good economic governance, which provide incentives to help small- and medium-sized enterprises emerge from the informal sector and for foreign direct investment to use the country as a platform for globally competitive production. In many low-income countries extensive rent seeking and patronage have generated stability at the expense of inclusive growth and held back development. Although policymakers know what is needed to address these problems and achieve economic transformation and diversification, how to do it remains a challenge. This book shows how the political economy of reform may be navigated to achieve transformation. For example, the use of special economic zones may solve the problem if good global governance is emphasized, along with linking the zones to the global economy.

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Page Count

418

Publisher

International Monetary Fund

Published Date

ISBN 10

1498314759

ISBN 13

9781498314756

Efficient Energy Investment and Fiscal Adjustment in Senegal

By: Salifou Issoufou,Mr.Edward F. Buffie,Mouhamadou Bamba Diop,Kalidou Thiaw

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Efficient Energy Investment and Fiscal Adjustment in Senegal

By: Salifou Issoufou,Mr.Edward F. Buffie,Mouhamadou Bamba Diop,Kalidou Thiaw

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Solve jigsaw puzzle

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Publisher

International Monetary Fund

Published Date

ISBN 10

1484335007

ISBN 13

9781484335000

Book's by Salifou Issoufou

Race to the Next Income Frontier

Race to the Next Income Frontier

Efficient Energy Investment and Fiscal Adjustment in Senegal

Efficient Energy Investment and Fiscal Adjustment in Senegal

Race to the Next Income Frontier

Race to the Next Income Frontier

Efficient Energy Investment and Fiscal Adjustment in Senegal

Efficient Energy Investment and Fiscal Adjustment in Senegal

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