Structural Adjustment: An Unqualified Failure

Abstract         

This paper assesses the thesis that the Structural Adjustment Programmes (SAPs) did not achieve its primary motive of making Sub-Saharan Africa a poverty-free and economically vibrant continent. The question of whether the World Bank and the IMF have alleviated or exacerbated the poverty in Africa is shrewdly answered.  Both sides of the coin, the pros and cons of SAPs, are scrutinised studying the performance of both the social and economic indicators of development. The heart of this paper’s argument lies to demonstrate that the prescriptions of these two institutions for Africa’s predicament have hampered its economic growth and development more than they helped.

Key Words:  Structural adjustment

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