Report of second 1988 meeting of working party of African governors in IMF and world bank

Abstract

The second meeting of the Working Party of the IMF/World Bank Governors was held in Berlin (West) from 21 to 22 September 1988. During the various discussions concerning the issues relating to the World Bank, technical support and advisory services was given in the following specific areas; (a) the need for African governors to take note of the United Nations Programme of Action on African Economic' Recovery- ahd: Development- (UN-PAAERD) especially on the setting of priorities for Africa. To this end it was essential that African governors in the World Bank should insist on agriculture as the highest priority to be supported by transport and communications,industry, trade and finance, human resources development and the control of drought and desertification; (b)that despite the fact that many African countries were implementing structural adjustment programmes of the World Bank, the resources were inadequate to finance such programmes and (c) that the structural adjustment lending by the World Bank should take into account the political and social cost of adjustment.