The World Bank, the Monetary Fund, and poverty

Research output: Contribution to journalReview article

5 Citations (Scopus)

Abstract

The debt crisis into which heavy borrowing, steeply rising interest rates, and a worldwide recession had plunged a number of developing countries in the late 1970s and 1980s was alleviated largely by policies and conditionalities imposed by the International Monetary Fund and the World Bank. These policies and conditions were meant to strengthen the export and financial markets of those countries, stabilize their currencies, and reduce the reach of their governments in their economies. However, they contributed to deepening poverty and structural crises, as the reports and data published by the international financial institutions themselves attest.

Original languageEnglish
Pages (from-to)567-578
Number of pages12
JournalInternational Journal of Health Services
Volume24
Issue number3
DOIs
Publication statusPublished - 01-01-1994

All Science Journal Classification (ASJC) codes

  • Health Policy

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