Financing adjustment with growth in sub-Saharan Africa, 1986-90
Poznanski, K.
Although sub - Saharan Africa has seen welcome signs of relief this year in natural and economic trends, it must continue efforts in structural adjustment in various sectors to check the economic decline of the region. The challenge for Africa and the donor countries is to reverse the long-term trend of decline. Adjustment with growth must become a realistic theme for the low-income countries of the region--as for the high-debt middle income developing countries. Over the next five years, this calls both for national programs of policy reform and for substantially higher donor assistance. Each will fail without the other. To achieve adjustment with growth during this period, decisions must be made in 1986 on the level and the form of assistance that the development community will provide. The focus of this report is on the needs of low-income African countries eligible to borrow from IDA, but many of its conclusions hold for the other sub - Saharan countries as well. The principal theme of this report is that Africa's attempts to help itself will fail without additional resources in the form of new aid and debt relief.
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