Review of the impact of structural adjustment programmes on fiscal policies in selected African countries

Abstract

The crisis situation of the early 1980s 'compelled African governments to respond thereto under conditions which established new kind of dependent relationships with the western governments and the International Financial Institutions, particularly, the International Monetary Fund (IMF) and the World Bank. The international financial institutions imposed unavoidable conditionalities under which the African governments had to pursue the goals of the restoration of the real growth of their economies, in other words, to embark on structural adjustment programmes as advocated by these institutions. It is through such policy conditionalities that most structural adjustment programmes are being implemented.