Page 214 - Volume 2_CHANGES_merged_with links
P. 214

Obstacles to progress


                                                                                                   Realities

                                                                             Malouf Bous, Katie, and Jason Farr.

                                                          *****

                  “ The SAPs recommended that the Government reduces its budgetary allocation in the social
                  sectors which included the education sector. The effects of this included but are not limited to:

                  Reduction in the enrolment rates and increased dropout rates; Freezing on the employment of
                  more teachers; Poor quality of education; Rationalized expenditure on education by spending

                  less on teachers' salaries resulting in poor pay for teachers; Commercialization of education:
                  dual track, private sponsored students . “
                       "THE IMPACT OF INTERNATIONAL MONETARY FUND (IMF) AND THE WORLD BANK STRUCTURAL
                              ADJUSTMENT PROGRAMMES IN DEVELOPING COUNTRIES. CASE STUDY OF KENYA,"         263
                                                                                         Githua, Doris Wangui.

                                                          *****

                  “ Over the past two decades, the World Bank and International Monetary Fund (IMF) have
                  undermined Africa's health through the policies they have imposed. The dependence of poor

                  and highly indebted African countries on World Bank and IMF loans has given these
                  institutions leverage to control economic policy-making in these countries. The policies
                  mandated by the World Bank and IMF have forced African governments to orient their

                  economies towards greater integration in international markets at the expense of social
                  services and long-term development priorities. They have reduced the role of the state and cut

                  back government expenditure.
                  While many African countries succeeded in improving their health care systems in the first

                  decades after independence, the intervention of the World Bank and IMF reversed this
                  progress. Investments in health care by African governments in the 1970s achieved
                  improvements in key health indicators. In Kenya, for example, child mortality was reduced by

                  almost 50% in the first two decades after independence in 1963. “
                                                                        "Debt Relief and Health Care in Kenya"   264
                                                                                             Paul Kieti Kimalu,
                                                   *****  *****  *****
            World Bank & IMF and ECONOMIC DEVELOPMENT
                  “ IMF programs reduce economic growth in the short run, without producing any compensating

                  long-term benefits. Further, IMF programs lower wages, redistributing income to the owners of
                  capital. “
                                                                        "The IMF and Economic Development"   265
                                                                                    Vreeland, James Raymond.
                                                          *****
   209   210   211   212   213   214   215   216   217   218   219