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

In: Poverty, Prosperity and the World Economy

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  • Reginald Herbold Green

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).

Suggested Citation

  • Reginald Herbold Green, 1995. "The IMF in Sub-Saharan African Structural Adjustment: No Lenders of First Resort," Palgrave Macmillan Books, in: Gerry Helleiner & Shahen Abrahamian & Edmar Bacha & Roger Lawrence & Pedro Malan (ed.), Poverty, Prosperity and the World Economy, chapter 5, pages 102-134, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13658-2_5
    DOI: 10.1007/978-1-349-13658-2_5
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