A Critical Assessment of Macro-Economic, Management and Policy Reforms in Africa

Abstract

The paper assesses the macro-economic, management, and policy reforms implemented in Africa with the assistance of the Bretton Woods institutions. There is no doubt that they have, to some extent, improved the socio-economic development of African countries. However, they did not take into account the social dimension of their economies (health, education, poverty, employment, etc.). Thus, they were regarded not to have a human face. Therefore, redressing and adjusting African economies with the help of the Bretton Woods institutions are inadequate to propel the continent to higher and sustainable economic growth rates. Hence, African countries should elaborate and implement themselves policies, reforms, and programs adapted to their economies and development needs.

Keywords: Macro-Economic, Management, Policy Reforms, CEMAC, Africa

DOI: 10.7176/EJBM/12-9-10

Publication date:March 31^st 2020