Macroeconomic policy formation in Senegal
Macroeconomic policy formation in Senegal : Challenges in formation and coordination
Abstract: This paper presents the framework of economic policy formulation in
Senegal from 1960 to 2012 with special emphasis on the years from 2000. It
identifies the political, social and economic objectives of these policies.
Subsequently, the role of the stakeholders such as the government, the
international financial and technical partners, the civil society and the local
administrations in Macroeconomic formation in Senegal were analysed. The
paper presents various propositions on how macroeconomic policies can
effectively impact growth and development in the future. The findings suggest
that macroeconomic policies recently undertaken by the government, private
sector and institutional partners supported by international institutions such as
IMF and the World Bank have greatly shaped the growth path of the economy.