While Senegal has the relevant policies and regulations in place, there is potential for improvement. Attention should be given to enhancing transparency in the country.
Among the three EIRA risk areas, breach of State obligations continues to be lower compared to discrimination between foreign and domestic investors and unpredictable policy and regulatory change.
Senegal’s performance against two of the EIRA indicators is good, and it is moderate on the other two. Rule of law remains the highest-scoring indicator with 75 points, followed by management of decision-making processes at 70. Performance on regulatory environment and investment conditions has decreased by 5 points and stands at 58, while foresight of policy and regulatory change is now at 52.
On a more detailed level, Senegal’s overall sub-indicator performance is good. It has maintained a very good score on institutional governance (94). This year, the score for management and settlement of investor-State disputes and respect for property rights stands at 75. The performance on restrictions on FDI has decreased by 10 points, while that on communication of vision and policies has decreased by 3 points. The sub-indicators are now at 65 and 53, respectively. A moderate score of 50 points has again been obtained on robustness of policy goals and commitments and regulatory effectiveness. Transparency remains the lowest-scoring sub-indicator with 46 points.