1984•IntereconomicsRequires access

IMF and World Bank structural adjustment policies: Cooperation or conflict?

Karl Wohlmuth

Abstract

The adjustment crisis of the oil-importing developing countries has raised the question as to the specific roles of the IMF and the World Bank in the process of structural adjustment and the actual relationship between their different concepts and programmes. What are the areas of cooperation and conflict between these two institutions and what must alternative concepts for structural adjustment and conditionality take into consideration?

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Key concepts: Conditionality, Structural adjustment, Social policy, Economics, International economics, Developing country, Economic policy, Process (computing)