Imf And World Bank In Africa

11 Pages 2746 Words

IMF and World Bank, is suffocating the continent of Africa. While the World Bank claims to provide new loans for health and social sectors, in actuality the necessary repayment of debts has hindered Africa’s ability to mobilize their own resources against the HIV/AIDS pandemic and other health emergencies. With this in mind it is also of great necessity to end harmful structural adjustment conditions and similar policies. World Bank and IMF structural adjustment programs over the past two decades have had devastating social consequences in African countries, and particularly in the area of health care. The government cutbacks on health care has caused the closure of medical facilities as well as decreased accessibility to supplies. “Structural adjustment lending and related policies have undermined the right to health of Africa's people”(Isbister 23), directly contributing to the current health crisis and to the inability of African governments to mobilize resources in response. "The role of the World Bank in Africa is a critical ethi...