Executive summary In this policy insight, for comparative purposes, we examine the resilience of the Senegalese and Malian economies in the face of the main shocks they faced between 2000 and 2022 and the policy responses adopted to counter their impact. [...] Mali, however, experienced less resilience with a significant drop in tax and non-tax revenue in 2006 (due to the global pastoral and food crisis), 2013 (due to the food crisis and political instability) and 2018 (due to the worsening security crisis). [...] Senegal adopted an expansionary monetary policy during the energy and climate crises in 2002, the financial crisis in 2008, the energy and Ebola crises between 2012 and 2015, and during the COVID-19 pandemic (2019–2021) to support economic activity (Figure 6). [...] The Central Bank of West Africa also applied a restrictive monetary policy in response to the Ukrainian crisis, raising key rates to anchor inflation expectations and preserve monetary stability in Senegal and Mali.15 The monetary approach in Mali was similar, except for a sharp fall in money supply in 2007 before a rise in 2008 and 2009 due to the financial crisis and a fall again in 2009 due to. [...] The staff of the IPAR Executive Secretariat is a multidisciplinary team made up of sociologists, economists and agronomists, supported by the experts of the Scientific Committee and the members of the Board of Directors.
- Pages
- 17
- Published in
- South Africa
