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International Monetary Fund
Public consumption has declined from 12 percent of GDP in 1996 to 10.8 percent in 1999 owing to fiscal consolidation: wage increases are moderate, and other current expenditures have grown slowly. Conversely, private consumption has increased from 75.2 percent of GDP in 1996 to 76.9 percent in 1998, and is estimated to have reached 76.6 percent in 1999. Public investment has increased from 6.4 percent of GDP in 1996 to 7.2 percent of GDP in 1998 and is estimated to have reached 8.2 percent of GDP in 1999, whereas private investment has experienced a downward slide.
International Monetary Fund

1. This statement reports on: (i) the response of President Jammeh to a letter from the Managing Director concerning internal controls and the auditing of foreign exchange activity at the Central Bank of The Gambia; (ii) an announcement by President Jammeh about potential oil reserves and exploitation; and (iii) data on the foreign exchange reserves, groundnuts production and customs revenue that have been received since the issuance of the staff report and the Managing Director’s Report on Noncomplying Disbursements. The authorities have indicated that they

International Monetary Fund

Flow to Groundnut Farmers 4. Rainfall and Groundnut Production 5. Share of Groundnut Production Text Table 1. Tariffs and Taxes on Vegetable Oil Contents III. The Challenges of Fiscal Decentralization in Senegal A. Introduction B. Country Experiences C. Senegal’s Approach to Fiscal Decentralization D. Main Risks and Challenges E. Concluding Remarks F. References Contents IV. Structural reform priorities for improving public finance management in senegal A. Introduction B. Main Issues in Public Expenditure

Mr. Eric Verreydt, Mr. Michael T. Hadjimichael, and Mr. Thomas Rumbaugh

view of this, the policies currently in place are aimed at stimulating private sector savings and investment, while strengthening further government finances and maintaining macroeconomic stability. Developments in Output Real GDP leveled off during the second half of the 1970s, but rose markedly in the early 1980s, peaking in 1982/83, largely as a result of a steep expansion in groundnut production. Activity in agriculture fell sharply (26 percent) in the subsequent year, owing mainly to unfavorable weather, and recovered only modestly by 1985/86; this

International Monetary Fund

July 10, 2002 Information that has become available since the staff report (Country Report No.04/42) was issued provides evidence of improving economic conditions, which do not affect the thrust of the staff appraisal. Adequate rains have been reported so far and the authorities are guardedly optimistic about a good year for agriculture. Groundnut production is expected to benefit from increased acreage and better inputs while marketing will be enhanced with an expected new entry of new traders and the rehabilitation of a processing plant and 21

International Monetary Fund

(Upland & Swamp Rice) List of Tables and Figures 1. Table 1: Macro-economic targets & outturns 2006-2007 2. Table 2 Resource Allocation by PRSP Initiatives 3. Table 3.1. Renewable Energy Plan 4. Table 4.1 Lower Basic Enrolment 2005/06–2006/07 5. Table 4.2 Hardship Allowance by Region and Number of Teachers Benefiting List of Figures 1. Figure 2.1 Area Cultivated 2005–2007 2. Figure 2.2 Groundnut Production 2005–2007 3. Figure 2.3 Groundnut Yields 2005–2007 4. Figure 4.1 Gross Enrollment Rates in ECD by Region 5. Figure 6.1 Trend of Wasting