By Jennifer Clapp (auth.)
With the adoption of an international Bank-sponsored structural adjustment programme within the mid-1980s, Guinea underwent a dramatic swap in its monetary and agricultural rules. The country's event during the last decade illustrates one of the most urgent difficulties encountered by way of African international locations pursuing monetary reform. This publication analyses those problems through reading the adjustment event in Guinea because it affected the country's total political economic system and the rural region particularly. It additionally areas this example in the broader context of African adjustment.
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Extra info for Adjustment and Agriculture in Africa: Farmers, the State and the World Bank in Guinea
Recommended was more private initiative in the marketing of both agricultural products and inputs. • There was a consistent bias against agriculture in price and tax policies. Recommended were higher producer prices and less taxation via state agricultural marketing. I? If these reforms were undertaken, according to the report, dramatic recovery would take place within in three to five years. A plan for longer-run transformation of Africa's agricultural sector was not outlined in the Berg Report.
If these reforms were undertaken, according to the report, dramatic recovery would take place within in three to five years. A plan for longer-run transformation of Africa's agricultural sector was not outlined in the Berg Report. This is because economists at the Bank who designed this strategy were confident that these short-term measures would bring significant results. Out of this analysis the Bank recommended that African governments undertake policy reform and predicted a rapid economic turnaround.
The World Bank itself, in response to the heightened interest amongst major donors in linking political and economic reform, has come increasingly come close to advocating such political conditionality. " Furthermore, the World Bank's senior Vice-President-Operations, has been quoted as saying about Africa: We certainly believe that good governance is a very important component of good economic management ... the conditions for good government are generally popular participation in the government and a sense of commitment on the part of the government to its people.
Adjustment and Agriculture in Africa: Farmers, the State and the World Bank in Guinea by Jennifer Clapp (auth.)