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ese Democratic Union-Renewal (UDS-R), Mamadou Puritain FALL; Let Us Unite Senegal (coalition of African Party for Democracy and Socialism and National Democratic Rally); other small uninfluential parties Other political or pressure groups: students; teachers; labor; Muslim Brotherhoods International organization participation: ACCT, ACP, AfDB, CCC, ECA, ECOWAS, FAO, FZ, G-15, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, NAM, OAU, OIC, PCA, UN, UNAMIR, UNAVEM III, UNCRO, UNCTAD, UNESCO, UNIDO, UNIKOM, UPU, WADB, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO Diplomatic representation in US: chief of mission: Ambassador Mamadou Mansour SECK chancery: 2112 Wyoming Avenue NW, Washington, DC 20008 telephone: [1] (202) 234-0540, 0541 US diplomatic representation: chief of mission: Ambassador Mark JOHNSON embassy: Avenue Jean XXIII at the corner of Avenue Kleber, Dakar mailing address: B. P. 49, Dakar telephone: [221] 23 42 96, 23 34 24 FAX: [221] 22 29 91 Flag: three equal vertical bands of green (hoist side), yellow, and red with a small green five-pointed star centered in the yellow band; uses the popular pan-African colors of Ethiopia Economy ------- Economic overview: In 1994 Senegal embarked on its most concerted structural adjustment effort yet to exploit the 50% devaluation of the currencies of the 14 Francophone African nations on 12 January of that year. After years of foot-dragging, the government has passed a liberalized labor code which should lower the cost of labor and improve the manufacturing sector's competitiveness. Inroads also have been made in closing tax loopholes, eliminating monopoly power in several sectors, and privatizing state owned firms. At the same time, the government is holding the line on current fiscal expenditure under the watchful eyes of international organizations on which it depends for substantial support. The IMF, in mid-1995, announced that the government met most economic targets as called for in its Enhanced Structural Adjustment Facility agreement and released the second $50 million tranche. The country's narrow resource base, environmental degradation, and untamed population growth will continue to hold back improvement in living standards over the medium term. GDP: purchasing power parity - $14.5 billion (199
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