Adjustment in Africa: lessons from country case studies

✍ Scribed by Ishrat Husain, Rashid Faruqee

Publisher: World Bank Publications
Year: 1994
Tongue: English
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

The book presents case studies of Burundi, Cote d'Ivoire, Ghana, Kenya, Nigeria, Senegal and Tanzania - all chosen for the wide variety of conditions present before their individual adjustment programmes began. The studies confirm that whenever adjustment programmes are vigorously pursued, results are strongly positive from the viewpoints of growth and alleviation of poverty. A key element in ensuring a successful adjustment programme is strong motivation and commitment by the leadership of each nation. Too many abrupt, unpredictable and frequent changes and reversals of policies erode the credibility of the programmes, intensify the uncertainties, and slow down investor confidence. In short, the success of reforms hinges on policy stability, continuity and predictability.

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