Sub-Saharan Africa: The World Bank and the International Monetary Fund

2018 ◽  
pp. 475-498
Author(s):  
L. Adele Jinadu

1988 ◽  
Vol 16 (2) ◽  
pp. 11-18
Author(s):  
Thomas M. Callaghy

Since the middle of the 1970s Sub-Saharan African states have focused increasingly on their severe economic and fiscal crises. These involve wrestling with the burdens of debt service and the rigors of rescheduling, conducting difficult negotiations with bilateral and private creditors, bargaining over conditionality packages with the International Monetary Fund and the World Bank or fending them off, distributing the painful costs of adjustment, coping with import strangulation and devising new development policies and strategies. Already highly dependent on the outside world, the intensity, stakes and levels of conditionality of these relations with external actors have increased substantially.



1992 ◽  
Vol 30 (1) ◽  
pp. 53-68 ◽  
Author(s):  
J. Barry Riddell

International economics and global politics are unfamiliar territory for many. However, the operations of institutions such as the World Bank and the International Monetary Fund (I.M.F.) have profound impacts upon the countries with which they treat, and these extend beyond financial issues and geo-politics. This article indicates how the I.M.F. has imposed ‘conditionalities’ in sub-Saharan Africa as integral elements of Structural Adjustment Programmes (S.A.P.s) that affect not only the lives of all the inhabitants, but also the nature and landscapes of the nations concerned — their very geographical composition.





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