WORLD BANK FOLLOWS SUIT
Following the IMF's lead, the World Bank will on September 13 present a third structural adjustment credit line for Zimbabwe
The counsels of firmness that World Bank official Michael Sarris delivered to Madagascar's prime minister Tantely Andrianarivo fell flat (ION 862) and striking workers at the state-owned petroleum products utility Solima managed to hold out against the government, infuriating head
On Madagascar, implementation of the economic reform programme passes by firm spoonfeeding at all stages of local institutions (presidency, prime minister's office, economic ministries, etc) by International Monetary Fund and World Bank representatives. Objective: to neutralize all political interference by
Mozambique's programme of macro-economic reforms (negotiated with the International Monetary Fund in March for submission to the management committee in May, to get a new three-year enhanced structural adjustment facility) leans heavily on a restrictive fiscal and monetary policy.
Breaking with their customary political immobility, head of state Albert Zafy and prime minister Francisque Ravony this week slapped a first warning on national assembly chairman Reverend Richard Andriamanjato by firing his protégé, central bank governor Raoul Ravelomanana, the man
The Ugandan government would like to become the first English-speaking African country to obtain credits from the French ministry of Cooperation, whose current policy is to lend to French-speaking and Portuguese-speaking countries only. Such an innovative move would constitute a
One of the consequences of increased World Bank and International Monetary Fund (IMF) activity in recent years has been the development of consultancy and technical assistance to their beneficiaries. Structural adjustment policies require more complex handling and entail more intricate