Abstract: The study of macroeconomics relates to the economic growth of a country. Although many factors contribute towards economic growth such as natural resources, human resources, capital stocks, technology, and people choice of economy, government policies also play an important role in this aspect. Therefore, it is also important for you to understand the effects of the many policies and the need to develop a better policy as this is an important aim in macroeconomics. Macroeconomic policies affect the overall performance of the economy. Two main macroeconomics policies are the financial policy or monetary policy and fiscal policy. “It is the study of the behaviour of very large economic aggregates, their relationships and their determinants… [including]… gross national and domestic product, national investment and savings, imports and exports, and the balance of overseas payments”. And macroeconomic policies refer to those policies which influence such macro aggregates. The scope of this paper is as follows. provides an overview of macroeconomic performance during the decade. recounts the macro policy responses to the principal problems or challenges which surfaced as the decade unfolded. surveys the main institutional reforms carried out in the nineties in the key dimensions of macroeconomic policy: fiscal, monetary and the exchange rate regime. concludes by outlining briefly some of the major ongoing challenges for macroeconomic policy.