Laying the foundation for the socio-economic transformation of Africa in the 1990s : the development policy agenda

Abstract

One of the issue which must feature prominently in Africa development policy agenda is the imperative necessity of getting its policy instruments right. All policy instruments, including adjustment measures must be subordinated to the pursuit of the goal of long-term development and transformation. In this connection, the two-year long study of three selected policy instruments whose preliminary drafts has now been completed and win soon be published. The three policy instruments are multiple exchange rate systems, differential interest rates policy and selected credit control and price support policies for food self-sufficiency in Africa. The final version of this study has benefited consistently from extensive consultations with experts and various institutions at the regional and international levels.