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African alternative framework to structural adjustment programmes for socio-economic recovery and transformation (AAF-SAP)
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African alternative framework to structural adjustment programmes for socio-economic recovery and transformation (AAF-SAP)

Author: United Nations. Economic Commission for Africa.
Publisher: [Addis Ababa] : The Commission, [1989]
Edition/Format: Book : Conference publication : International government publication : EnglishView all editions and formats
Summary:
Assessment of orthodox adjustment programs (with the classical instruments of control of money supply, credit squeeze, exchange rate and interest rate adjustments, trade liberalization, etc.) led to the conclusion that although they aimed at restoring growth through fiscal and external balances and the free play of market forces, the objective could not be achieved without addressing the fundamental structural  Read more...
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Details

Material Type: Conference publication, Government publication, International government publication
Document Type: Book
All Authors / Contributors: United Nations. Economic Commission for Africa.
OCLC Number: 21156100
Description: [2], iii, 60 p. : col. ill. ; 28 cm.
Contents: The structure of Africa's political economy -- Africa's development objectives -- Evaluation of stabilization and structural adjustment programmes in Africa -- An alternative framework -- Policy directions and instruments -- Implementation strategies and monitoring -- Annex 1. General formalization of the Framework of AAF-SAP -- Annex 2. Addis Ababa joint statement by African ministers of economic planning and development and ministers of finance on the ... Framework ... -- Annex 3. Resolution 676(XXIV) on the ... Framework ...
Responsibility: United Nations, Economic Commission for Africa.
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Abstract:

Assessment of orthodox adjustment programs (with the classical instruments of control of money supply, credit squeeze, exchange rate and interest rate adjustments, trade liberalization, etc.) led to the conclusion that although they aimed at restoring growth through fiscal and external balances and the free play of market forces, the objective could not be achieved without addressing the fundamental structural bottlenecks of African economies. Consequently, in 1988 the ECA with the financial support of UNDP embarked on a search for an African alternative that would address simultaneously both adjustment and structural transformation problems of the African economies.

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