📖 The Scoop
Mozambique has followed the IMF/World Bank prescription of structural adjustment: free market and deflation, deregulation and demand reductions. Wages, credit, and government spending have been cut. This stops the rebuilding of Mozambique in its tracks and even prevents an active role by the private sector. In 1995, donor representatives launched an unprecedented attack on the Bretton Woods institutions. Mozambique is one of the first African countries where postwar reconstruction has taken place in the context of structural adjustment. What are the lessons for Somalia, Liberia, Rwanda, Zaire, Sudan, and Angola? Hanlon explains the donor case and presents his own suggestions for finding the way forward.
Genre: Business & Economics / Banks & Banking (fancy, right?)
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