Interplay of adjustment and investment operations : agriculture in Madagascar
Rachel Weaving (managing editor)
During the 1980s the success of adjustment operations supporting institutional changes and policy reforms in Madagascar had adverse effects on ongoing investment projects in agriculture. Two Bank's Operations Evaluation Department (OED)'s Project performance audit reports, Report No. 12646 and No. 13081, summarized in this Precis discusses the failure of these investment projects, much more apparent now than at the time they were completed, illustrates the need for close coordination and coherence between adjustment and investment operations supported by the Bank.
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