Saturday, 4 December 1999

From "Aid, Conditionality, and Debt in Africa"

By Ravi Kanbur.

Suppose there's a social sector loan with social sector conditionality, meaning the government will spend this much more on primary sector education. Suppose the government does not fulfill that; it has not met the conditions. The banks’ money is conditioned upon the government going through with the conditions. If money is then denied them because the goverment has not met that condition, the poor will be hit with a double whammy.

No comments: