How IMF, World Bank failed Africa.

New AfricanNbr. 2007, January 2007

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International Monetary Fund

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How IMF, World Bank failed Africa.

Welcome to how the IMF and World Bank run the show in Africa and, thus, lead our countries down the garden path. This report was put together by the London-based World Development Movement (WDM) as its contribution to the ongoing debate on what kind of global institutions would improve everyone's quality of life in a highly interconnected world.

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"After 20 years of implementing structural adjustment programmes, our economy has remained weak and vulnerable and not sufficiently transformed to sustain accelerated growth and development. Poverty has become widespread, unemployment very high, manufacturing and agriculture in decline, and our external and domestic debts much too heavy a burden to bear"--Kwamena...

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