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Public Finance The World Bank and the IMF in Africa: Strategy and Routine in the Generation of a Failed Agenda
Public Finance The World Bank and the IMF in Africa: Strategy and Routine in the Generation of a Failed Agenda | The World Bank and the IMF in Africa: Strategy and Routine in the Generation of a Failed Agenda |
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Howard Stein This paper argues that more than any other region, Africa has been forced to feel the full effect of neo-liberalism due to its increasing dependence on bilateral and multilateral aid and paucity of alternative sources of capital. Despite the introduction of new terminology and peripheral strategies in the 1990s, the vision of development choreographed by the World Bank and the Fund is still captured by the same core principles and policies which have failed Africa in the last two decades.
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