Structural Adjustment

Plundering Africa – Income Deflation and Unequal Ecological Exchange Under Structural Adjustment Programmes

March 19, 2025 UNAC Editor Abuses of Empire, Africa, Colonialism, Commodity Markets, Economics, International Aid and Debt, Neocolonial Economic Dominance

by Dylan Sullivan and Jason Hickel, published on Black Agenda Report, March 12, 2025 Originally published in ROAPE . During the 1980s and 1990s, the International Monetary Fund (IMF) and World Bank forced governments across Africa to implement neoliberal structural adjustment programmes (SAPs). SAPs compelled post-colonial governments to cut public services and public-sector production, remove labour market regulations and wage[…]

Escaping Debt Slavery: Ethiopia, Africa, And The IMF

May 29, 2023 UNAC Editor Eritrea, Ethiopia, International Aid and Debt, Sanctions and Economic Warfare

by Ann Garrison and Robert J. Prince, published on Popular Resistance, May 18, 2023 In 1987, at the Organization for African Unity, Thomas Sankara said, “Debt is a cleverly managed reconquest of Africa.” Restructuring associated with WB and IMF loans becomes a millstone around the neck of drowning economies. [jb] The US is holding up Ethiopia’s request for a $2[…]