Free Economics Dissertations - Contents Abstract Introduction Case Study - Uganda In Evaluation Of Imf And
Contents
Abstract
Introduction
Case Study - Uganda In Brief
Evaluation of IMF and World Bank Strategies - Case Study of Uganda In the Post Idi Amin Era - Scope of the Study
Evaluation of IMF and World Bank Strategies In Historical and Economic Perspective
Highly Indebted Poor Countries Initiative (HIPC)
The IMF and World Bank Recipe for Uganda
IMF and World Bank Strategies for Uganda in the Post Idi Amin Era
1st Phase - 1980 to 1985
2nd Phase -1986 to 2002
Evaluating Strategies of the IMF and the World Bank - Post Idi Amin Era of Uganda: Review and Critique
The Planned Workings of PRGF/PRSC and The Realities
Critique From SAPRI
Conclusive Comments
References
An Evaluation of IMF and World Bank Strategies in the Post Idi Amin era of Uganda
Abstract
The end of the World War II witnessed the emergence of two global institutions, both of which sought to create a stable framework for the devastated post war economies that had besieged a number of countries across the world. These were the 'International Monetary Fund (IMF)' and the 'World Bank', and since they were founded at the Bretton Woods Conference in 1944, both these global financial institutions were also given the name of the 'Bretton Woods Institutions'. The primary objectives of the IMF included promotion of steady economic growth in the devastated economies, creation of opportunities for full employment through the offer of unconditional loans, establishment of mechanisms which sought to stabilize exchange rates and facilitation of currency exchange in the respective countries. In reality however, none of the said objectives saw the light of the day as representatives from the United States of America as well as number of powerful European countries implemented strict conditions for offering loans under such names as "Structural Adjustment Policies" and "Austerity Measures" respectively. The second global institution, 'The World Bank' also emerged with somewhat similar goals and objectives, with a focus on creating specific funds for the reconstruction of devastated infrastructure of war torn countries. In this context the World Bank funded a number of industrial development projects in the countries of Latin America, Asia as well as Africa. The IMF and the World Bank thus not only deviated from their original agendas, their strategies under the 'SAP' and 'Austerity Measures' in fact worsened economies in the countries where they were duly implemented. It is these set of policies and strategies of both the IMF and the World Bank which have more than exacerbated the growing debt crisis in majority of the developing countries of the world.
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