The Africa knowledge networks forum (AKNF) 2001/African Development Forum (ADF) 2001 Technical Advisory Committee Meeting : Knowledge Networking for Africa's development

Abstract

The paper focuses on the adoption of Structural The Adjustment Programs (SAPs) starting in mid 1980s in almost all African countries has led to openly adopting a liberalization (open economy) policy. The identical nature of policy instruments prescribed by International Financial Institutions (IFIs) across countries in the continent implies a defacto macro policy harmonization, at least at the level of intent. The fact that these policies are pro-open trade suggests a possible positive relationship between the macro policy pursued and regional integration efforts.