Download Adjustment in Africa: lessons from country case studies by Ishrat Husain, Rashid Faruquee PDF

By Ishrat Husain, Rashid Faruquee

The e-book provides case reports of Burundi, Cote d'Ivoire, Ghana, Kenya, Nigeria, Senegal and Tanzania - all selected for the wide range of stipulations current earlier than their person adjustment programmes begun. The reports determine that every time adjustment programmes are vigorously pursued, effects are strongly optimistic from the viewpoints of progress and relief of poverty. A key point in making sure a profitable adjustment programme is powerful motivation and dedication through the management of every kingdom. Too many abrupt, unpredictable and widespread alterations and reversals of regulations erode the credibility of the programmes, accentuate the uncertainties, and decelerate investor self belief. in brief, the good fortune of reforms hinges on coverage balance, continuity and predictability.

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The case studies are intended to supplement the cross-country study with in-depth analysis of a few country experiences. The studies shed further light on the processes and outcomes of reform programs in different African contexts. The selection of countries was guided by the desire to include as much variety as possible with regard to initial conditions and adjustment processes and programs. In Ghana and Tanzania economic conditions hit rock bottom before the adjustment program started. In Burundi, Côte d'Ivoire, and Nigeria there were serious distortions and pronounced declines in economic performance, with Côte Page 2 d'Ivoire and Nigeria suffering from the Dutch disease after the commodity boom of the late 1970s.

Only in November 1990 did the World Bank accept the principle of cosigned aide-mémoires with the government (although this principle had already been applied to government missions visiting Washington). Further, consistent management of World Bank programs was denied due to turnover of World Bank experts and their varying recommendations. Another reason for poor ownership was the government's eagerness to move ahead with the program in order to receive balance of payments financing. Without considering the full policy implications of such a program, the government's desire for quick-disbursing support overshadowed other contentious policy issues, in particular, the reform of the public enterprise sector.

Page 11 2 Burundi: learning the lessons Pierre Englebert and Richard Hoffman Burundi's development problems run deep. The country has a large and undiversified subsistence sector with a fast-growing population and weak institutional structures and capacities. Burundi also suffers from relatively inflexible and oligopolistic markets, and from a public sector that controls the majority of productive enterprises. Not only is agriculture's contribution to GDP superior to that of industry and services, but it depends highly on a single crop, coffee.

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