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In Uganda, school enrolment has tripled; Mozambique has seen about half a million children vaccinated against deadly but preventable diseases, and in Honduras children have 3 extra years of free primary school education. (IMF 2001
? What went wrong?
One index that substantiates the effectiveness of SAPs is the number of countries that continue to be ?customers' of the IMF which itself shows that the Fund is not helping to solve structural problems revealed by debt crises (Korner et al, 1984)
The sharp disparity between the expected results of SAPs and their actual results has led to the ?endemic perspective that the stabilization and adjustment policies widely adopted in Africa have not succeeded in restoring growth in most countries, in fact they are tantamount to economic deterioration' (Stewart, 1991)...
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