Economic PolicyPas de traduction disponible.
Concern over the lingering global crisis and its implication for the formal sector of the economy, especially the alarming reduction of investments in key social services like health, infrastructure, among others, various experts who weighed the pros and cons of the current economic recession at a week-long conference in Bamako, Mali, proffered multi-prong solutions toward addressing the crisis.
Echoes of the old era of structural adjustment programmes, an IMF policy regime designed to impose fiscal austerity on developing countries during the debt crisis which hit most of these countries in the mid to late 80's, continue to exert a restraining influence on virtually all aspects of the social sector, including essential services like national healthcare systems and infrastructure.
However there are fears that the current global financial meltdown, which has consumed a lot of hitherto big businesses in the United States, United Kingdom, other European countries and Asia and Africa, even poses clear and present dangers on the social systems across the globe, especially in developing countries in Africa.
