Africa's Experience with Structural Adjustment: Proceedings of the Harare Seminar, May 23-24, 1994, Parts 63-288
World Bank Publications, Jan 1, 1995 - Business & Economics - 142 pages
The world has changed dramatically over the past fifty years, and so has the World Bank. This collection of essays describes the ways in which the Bank has addressed the changing needs and challenges of development during the past five decades. Each essay analyzes the Bank's approach to the major development challenges its borrowing member countries have faced, starting with the reconstruction and development needs of Europe and Japan in the 1940s and 1950s and ending with the transition to market economies in Central and Eastern Europe and the states of the former Soviet Union. One essay examines the evolution of the Bank's relations with the world's capital markets as the institution mobilizes private savings for development. An overview provides a picture of the fifty-year period as a whole
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Adjustment in Africa African countries agricultural areas average balance of payments Bank of Zambia Burundi capita Chilowa commercial banks commodities competition consumption controls cost Cote d'lvoire debt servicing decline decontrol devaluation donor economic growth effect exchange rate export external farmers financial sector fiscal food security foreign exchange Fund Ghana Government expenditure growth rate impact implemented imports improved income increase industrial inflation interest rates intervention investment Kenya Kwacha levels liberalization liquidity macro-economic policies maize major Malawi Malawian manufacturing million monetary policy Mozambique negative Nigeria Oxfam parastatals percent period policy reforms poor population poverty reduction private sector production public enterprises public sector real terms reduce reform program result revenue sector reform Senegal share smallholder stability strategy Structural Adjustment Program Sub-Saharan Africa subsidies Tanzania terms of trade Transparency Treasury bills user-fees wage World Bank Zimbabwe