ECONOMIC HEADLINES
| MOROCCO | OFFICIAL RESERVE ASSETS | An increase of 3.2% y-o-y at the end of December 2021

At the end of December 2021, Morocco's Official Reserve Assets reached MAD 331.2 Bn. These show an increase of 3.2% compared to the previous year.

| SENEGAL | INFLATION | An inflation rate of 2.2% in 2021
According to the National Agency of Statistics and Demography (ANSD) of Senegal, the Harmonized Consumer Prices Index for the month of December 2021 increased by 0.1% compared to the previous month. On an annual basis, consumer prices rose by 3.8%. In this context, the annual inflation rate settled at 2.2% in 2021 below the convergence community threshold of 3.0% set by WAEMU.

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