Document Type

Conference Paper

Publication Date

6-9-1993

Author Affiliation

The World Bank ; Institut National de la Recherche Agronomique

Conference Name

Global Coalition for Africa

Conference Location

Cotonou, Benin

Conference Dates

1993-06-09

First Page

1

Last Page

27

Keywords

Structural adjustment, Sub-Saharan Africa, Economic policy

Abstract / Description

Structural adjustment programs were initiated in the Sub-Saharan Africa region about a decade ago. After much discussion and debate, they were adopted by a majority of the countries only in the second half of the 1980s. Since then, much experience has been gained to provide an objective assessment of these programs. There is by no means unanimity on the impact of adjustment programs and there is a lack of clear understanding of the expectations about what adjustment was meant to achieve in SSA. The confusion has been further aggravated by the failure to isolate the effects of initial conditions, external shock and policy changes. This paper attempts to provide such an assessment for the period 1986-91, report on the policy reforms and results, identify areas of consensus and debate and major concerns of political economy and then draw some lessons and conclusions.

Comments

Draft prepared by Ishrat Husain of the World Bank and Laurence Tubiana of the Institut National de la Recherche Agronomique for discussion by the Global Coalition for Africa at Cotonou, Benin, June 9-11, 1993. IH0514

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