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- W2495466075 abstract "Over half of the countries in Sub-Saharan Africa adopted IMF and World Bank-sponsored structural adjustment programmes in the 1980s. The record of implementation of these programmes, however, has been less than impressive. Based on the Bank’s own sample for Sub-Saharan Africa, only 60 per cent of conditions attached to structural adjustment loan agreements had been fully implemented at the time of the final tranche release.1 To explain this record, the World Bank and the IMF initially blamed the lack of sufficient ‘political will’ on the part of the state.2 Throughout the 1980s it became clear that political considerations were key determinants of the timing and degree to which the reforms were actually implemented. This prompted the World Bank to focus on what it termed ‘governance’, or political management, in addition to stepping up its emphasis on the need for improved institutional capacity in SSA.3 These domestic political and institutional factors are important in explaining policy reform implementation records. But at the same time, a growing body of literature has argued that other factors, which have been acknowledged but down-played by the international financial institutions (IFIs), such as donor behaviour and world market conditions, are equally relevant.4" @default.
- W2495466075 created "2016-08-23" @default.
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- W2495466075 date "1997-01-01" @default.
- W2495466075 modified "2023-09-23" @default.
- W2495466075 title "The Politics of Reform Implementation" @default.
- W2495466075 doi "https://doi.org/10.1057/9780230372450_4" @default.
- W2495466075 hasPublicationYear "1997" @default.
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