This paper presented a framework of economic policy formulation in Senegal from 1960 to 2012, with special emphasis on the years from 2000. Political, social and economic objectives of these policies are identified. 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 analyzed. Various propositions is presented in the 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.