Economic Governance in the Sahel: Scene-Setting and Thematic Reflections

Global socioeconomic circumstances continue to change and evolve, necessitating reactive and proactive adjustment of economic governance frameworks. In the short and medium term, governance modifications are triggered by new and episodic factors. The current relevant factors include the COVID 19 pandemic, and the ‘cost of living crisis’, the later partly caused by the 2022 Russia-Ukraine war, which has disrupted supplies of fuel, food and fertiliser, amongst other things. Megatrends in regional and global production, consumption and economics give rise to new governance components and indicators, which are added to revised and updated implementation, monitoring and review mechanisms. This evolutionary pattern applies to the Sahel as its takes place regionally and globally.