The IMF in Sub-Saharan African Structural Adjustment: No Lenders of First Resort

Reginald Herbold Green

Chapter 5 in Poverty, Prosperity and the World Economy, 1995, pp 102-134 from Palgrave Macmillan

Abstract: Abstract Structural adjustment as such is not now at issue. Whatever its limitations and successes — and recent World Bank studies (cf. World Bank, 1994; Elbadawi, 1992; Elbadawi et al., 1992; Green, 1994) suggest that both are prominent and vary in balance among programmes — structural adjustment as a macro/sectoral framework for organizing and imposing conditions on international resource transfers to low-income, low-performance countries has become dominant since 1980 and will remain so at least for the balance of the decade, particularly in Sub-Saharan Africa (SSA).

Keywords: Commercial Bank; Structural Adjustment; Bank Credit; Consultative Group; Exogenous Shock (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13658-2_5

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DOI: 10.1007/978-1-349-13658-2_5

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