Review of African Political Economy
Review of African Political Economy - Vol. 32 No. 106
Reconsidering the Power of IFIs: Tanzania & WB, 1978-1985
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Abstract of Article
Title:Reconsidering the Power of the IFIs: Tanzania and the World Bank, 1978-1985
Author:Duncan Holtom
Location:Vol.32 No.106 (Dec 2005), pp549-567
 In 1985, Julius K. Nyerere, one of the South's most articulate and influential critics of Northern policies resigned as president of Tanzania. Soon after, his successor - Ali Hassan Mwinyi - would reach agreement with the IMF and World Bank. Tanzania, for many, the experiment in African socialism and the high-profile heretic of the 1980s had fallen and recanted, implementing a structural adjustment programme. Tanzania was in many ways exceptional. A former World Bank favourite, it became one of the few cases in sub-Sahara Africa where the IMF and World Bank brought their full coercive power to bear in a protracted struggle. In understanding this apparent contradiction, this paper discusses the role played by economic discourses in shaping the positions taken by two key actors in the policy process: the Government of Tanzania and the World Bank.

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