Africa's Adjustment and Growth in the 1980s: the World Bank and the UNDP; Charles Humphreys and Williams Jaeger & C0., 31pp., March 1989

Authors

H. N. Okonta, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Africa, Economic Growth, Economic Development

Abstract

The paper, "'Africa's Adjustment and Growth in the 1980s" was written by a team led by Charles Humphreys and William Jaeger of the World Bank. They reviewed on Sub-Saharan Africa's economic experience in the 1980s from a new perspective as against that which was generally perceived as one of crisis and decline caused largely by hostile external factors. The paper was divided into six parts. Part one is an overview of the causes that led to the region's current problems. Sections 2, 3 and 4 analytically dis,:uss the developments in trade and commodity prices, the international community's response with more aid and debt relief packages. Section 5 assesses the progress made so far in reforming domestic policy, while section 6 examines the impact of policy reforms.

Author Bio

The author is a Senior Economist, Economic Conditions Office, Sectoral Studies Division, Research Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

2

Volume

27

Recommended Citation

Okonta, H. N. (1989). Africa's Adjustment and Growth in the 1980s: the World Bank and the UNDP; Charles Humphreys and Williams Jaeger & C0., 31pp., March 1989. CBN Economic and Financial Review. 27(2), 77-80.