Alternative Adjustment

John Weeks
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John Weeks: Middlebury College

Chapter 10 in Development Strategy and the Economy of Sierra Leone, 1992, pp 141-145 from Palgrave Macmillan

Abstract: Abstract Representatives of the World Bank and the IMF offered as the ultimate defence of structural adjustment programmes that flawed as they might be, no one had produced a viable alternative in practice. At one level this defence could be seen as the structural adjustment equivalent of the famous Catch-22:1 to be viable a structural adjustment programme required funding; the main sources of funding for SSA countries were the Bank and the Fund, which had no intention of funding programmes other than of their own design; ergo, alternative adjustment policy packages invariably proved inviable.

Keywords: Capital Account; Inflationary Expectation; External Finance; Domestic Prex; Structural Adjustment Programme (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-11936-3_10

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