By Jennifer Clapp (auth.)
With the adoption of an international Bank-sponsored structural adjustment programme within the mid-1980s, Guinea underwent a dramatic switch in its financial and agricultural guidelines. The country's event over the last decade illustrates the most urgent difficulties encountered through African international locations pursuing fiscal reform. This e-book analyses those problems via reading the adjustment adventure in Guinea because it affected the country's total political economic climate and the rural quarter particularly. It additionally areas this situation in the broader context of African adjustment.
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Additional info for Adjustment and Agriculture in Africa: Farmers, the State and the World Bank in Guinea
It indicated in its literature that it was listening to critiques, and changing its analysis and strategy for Africa. In reality, it seems that it was trying to improve the context in which reforms took place, so that they could be more efficient. The new enabling environment meant development of infrastructure, co-ordination of aid, political stability in national government, institutional strengthening, and depoliticised economic policy making. These measures were taken largely because the survival of the Bank's reputation and its strategy in which it believed so strongly - that the market solution was the best - was clearly at stake.
Moreover, the integrated rural development project strategy which carried over into the 1980s was also a disappointment. With modest response of the farmers to the new macroeconomic policies, the projects did not fare much better than they had previously. This indicated that the problems encountered with these projects in the 1970s were more 20 Adjustment and Agriculture in Africa profound than merely the policy environment. " Other donors, following Bank advice, began to hold back their assistance (and willingness to reschedule previous loans) to African countries until economic reform programmes with the World Bank and IMF were in place.
The number of African countr ies with Consultative Grou p meetings amo ngst donors for aid co-ordination grew in the 1980s, from twc in 1981 to 19 in 1988. Five new World Bank resident missions were established in Africa between 1985and 1988, bringing the total to 23. This presence increased formal and informal contacts with government offleials and other donor s, Iacilitat ing co-ordinat ion efforts. The Bank also started tc work more closely with the IMF , by setting up the Policy Framewerk Paper (PFP) process in 1986.