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Fixed Exchange Rates and Structural Adjustment Programmes: Côte d'lvoire

Published online by Cambridge University Press:  11 November 2008

Extract

The implementation of economic reforms in Africa under the aegis of the International Monetary Fund (I.M.F.) has undoubtedly produced the kind of social dislocation so well described by Barry Riddell in a recent article in this Journal. The structural adjustment programmes (S.A.P.s) have also in some cases generated growth, as noted by Michel Camdessus, director-general of the I.M.F. in 1991: ‘Soon more than 30 African countries will apply these growth strategies. Where the programmes have been applied rigorously, results have been impressive. ’

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Copyright © Cambridge University Press 1993

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