The IMF noted that Senegal’s growth outlook is robust, with the country’s growth rate projected to rebound to over 5.3% this year, up from 4.7% in 2022, partially driven by the emerging oil and gas industry. Inflation, which peaked at a multi-decade high of 9.7% in 2022 due to surges in food prices, has since moderated to around 9% and is forecast to fall to about 5% by the end of the year. However, the country faces several challenges, including rising fiscal deficits and government debt.