Impact of the COVID-19 pandemic on micro, small, and medium enterprises (MSMEs): Senegal country report
by Elizabeth Berthe, Shailey Tucker, Mamadou DIALLO, Bocar ANNE and Babacar NDIAY
Mar 25, 2021
1 min
Still reeling from the effects of the pandemic, MSMEs in Senegal need targeted support. This study highlights the impact of COVID-19 on MSMEs and their coping strategies. It further provides recommendations for policymakers and financial service providers to support them.
MSMEs in Senegal contribute an estimated 40% to the GDP and are a major source of employment. Nine out of 10 workers are engaged in informal employment, with 97% of companies in the informal sector.
Still reeling from the effects of the pandemic, MSMEs need targeted support to build resilience, transform into formal entities, and continue to contribute to the local economy.
This study provides a detailed country-level view of the impact of COVID-19 on MSMEs and their coping strategies. It further provides recommendations for policymakers and financial service providers to support MSMEs in Senegal.
Click here to read the report in French.
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