Macroeconomic policy formation in Senegal: Challenges in formation and coordination
Abstract
The first twenty years after the independence in 1960 are characterized by a significant centralization in the management of the economy and the use of planning. However the effectiveness of the government’s policies had been questioned when the country faced a sharp debt crisis in the 1980s.The austerity related to the adjustment programs following that crisis did not allow growth to take place in the economy.