Structural Adjustment in sub-Saharan Africa

Open Access
Author:
Massaley, Miatta Jeannette
Area of Honors:
Economics
Degree:
Bachelor of Arts
Document Type:
Thesis
Thesis Supervisors:
  • David Shapiro, Thesis Supervisor
  • David Shapiro, Honors Advisor
  • Bee Yan Roberts, Faculty Reader
Keywords:
  • the International Monetary Fund
  • infrastructure
  • GDP
  • fiscal
  • conditionalities
  • agricultural
  • adjustment
  • monetary
  • policy
  • structural adjustment
  • trade
  • the World Bank.
Abstract:
This paper highlights the economic situations that the region of sub-Saharan Africa was facing in the time period after the countries of the region became independent. This paper will also look at the response to these situations by the International Monetary Fund and the World Bank and their implementation of Structural Adjustment Programs. This paper also focuses specifically on the policies that were in place at the time of adjustment and the corrections made to these policies in order to elicit economic growth in sub-Saharan Africa. This paper also analyses the implementation of these programs, the results on a case-by case basis, and identifies the constraints faced by the International Monetary Fund and the World Bank in order to properly analyze the success of failures of Structural Adjustment Programs.