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Structural Adjustments And Their Effects: Is There A Way Out For Africa?

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  • Ofori, Eunice
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    Abstract

    The IMF and World Bank have over the years gained a stronghold in African economic policies. This is mainly due to the borrowing and lending relationship between the continent and these sister organizations. This paper seeks to address the negative effects that the IMF imposed Structural Adjustment policies have on the struggling economies of African countries and propose a solution to this problem. The paper also seeks to explore possible alternatives to taking IMF, World Bank loans and gives examples of countries who have explored such options successfully.

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    File URL: http://mpra.ub.uni-muenchen.de/17334/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17334.

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    Date of creation: 12 Sep 2009
    Date of revision: 16 Sep 2009
    Handle: RePEc:pra:mprapa:17334

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    Keywords: International Monetary Fund (IMF); the World Bank(WB); Structural Adjustment Programs; loans.;

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