Plaquette : Regional Action Plan for the Improvement of Irrigated Agriculture in the Senegal River Basin

REGIONAL ACTION PLAN FOR THE IMPROVEMENT OF IRRIGATED AGRICULTURE IN THE SENEGAL RIVER BASIN 8 - Macroeconomic condition According to the data collected, the annual growth rate of the Gross Domestic Product (GDP) in 2014 was 4.5% for Guinea, 6% for Mali, 0.92% for Mauritania and 6.5% for Senegal respectively. Inflation rates are influenced by monetary policies: the member countries of WAEMU, in 2015 (Senegal with 0.1% and Mali with 1.5%) whose currency is at a fixed exchange rate with the euro, have very low inflation rates, while those with their own currency for the same period (Mauritania with 0.5% and Guinea with 7.3%) have less controlled inflation. - Subregional cooperation policy Cooperation between the States i s reflected in their membership of various international organizations. Mali, Guinea and Senegal are members of ECOWAS and Mali and Senegal are also members of WAEMU. Mauritania is a member of the Arab Maghreb Union (AMU). CILSS brings together Mali, Mauritania and Senegal. On the other hand, all four OMVS states are members of AFRICARICE. The population of the four OMVS member countries is estimated at 44,3 m The average population growth rate is 2,7 % per year in the four countries GDP in 2014 Mali 6 % Senegal 6,5 % Mauritanie 0,92 % Guinee 4,5 %