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

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  • Ofori, Eunice

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.

Suggested Citation

  • Ofori, Eunice, 2009. "Structural Adjustments And Their Effects: Is There A Way Out For Africa?," MPRA Paper 17334, University Library of Munich, Germany, revised 16 Sep 2009.
  • Handle: RePEc:pra:mprapa:17334
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    File URL: https://mpra.ub.uni-muenchen.de/17334/1/MPRA_paper_17334.pdf
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    Keywords

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

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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