A critical appraisal of the World Bank's structural adjustment programs and poverty reduction strategy papers in Africa Online publication date: Mon, 12-Dec-2022
by Thomas Adino Taye
International Journal of Critical Accounting (IJCA), Vol. 13, No. 1, 2022
Abstract: The official aims of the World Bank development programs - SAPs and PRSPs - in Africa and other developing countries are to promote local productivities, advance economic choices, improve living standards, maximise economic competencies, reduce government expenditures, and realise economic development. Based on these promising development policies, many African countries adopted those programs in the early 1980s as a panacea to their worst political and economic problems. Accordingly, this study critically examines the effectiveness of the World Bank's development programs - SAPs and PRSPs - in contemporary Africa. Moreover, the study rationally appraises the multi-dimensional consequences of SAPs and PRSPs in Africa. To this end, the study finds that these programs of the World Bank have brought massive socio-political and economic crises to contemporary Africa. Hence, rethinking the World Bank's development programs should be the prior duty of African states to escape from the existing chaos in almost every sector.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Critical Accounting (IJCA):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook