African alternative framework to structural adjustment programmes for socio-economic recovery and transformation (AAF-SAP):

Assessment of orthodox adjustment programs (with the classical instruments of control of money supply, credit squeeze, exchange rate and interest rate adjustments, trade liberalization, etc.) led to the conclusion that although they aimed at restoring growth through fiscal and external balances and...

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Bibliographic Details
Format: Government Document Book
Language:English
Published: S.l. 1989
Subjects:
Summary:Assessment of orthodox adjustment programs (with the classical instruments of control of money supply, credit squeeze, exchange rate and interest rate adjustments, trade liberalization, etc.) led to the conclusion that although they aimed at restoring growth through fiscal and external balances and the free play of market forces, the objective could not be achieved without addressing the fundamental structural bottlenecks of African economies. Consequently, in 1988 the ECA with the financial support of UNDP embarked on a search for an African alternative that would address simultaneously both adjustment and structural transformation problems of the African economies.
Physical Description:60 S.