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IMF And The World Bank

Part one of term paper
Somalia had an economy based on trade between small breeders and small agriculture. Despite drought, the country remained self-sufficient on alimentary product during the 60's and 70's. During the 1970's decade population transfer programs permited the development of an important commercial sector: Breeding. until 1983, breeding represente ...

Part two of term paper
... the IMF loan was void because Somalia had failed to pay previous interests. Somalia had to comply with the SAP in order to have new loans. The results are well known: The collapse of the state, civil war, famine and finally the intervention of the United Nations and US soldiers (Le desordre des nations,p21). The effects the SAP's on society are felt by the poorest. For exemple, spending on healthcare has fallen in most of the world's poorest countries since 1980. In Uganda 4$ is spent per p ...

Word count: 560 | Approximate pages: 3

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