1. Zimbabwe and the Economic Structural Adjustment Program
The loan that was meant for ESAP from the African Development Bank and the African Development Fund was approved in 1991 December and signed in January 1992.The agreement did not come into full force till May 1992.I would believe that the delay in the disbursement of the funds could have contributed slightly to the failure of the programme since it had already kicked off. ... One of the targets of the programme (ESAP) was that government was supposed to cut the civil service in order to lower its expenditure. It was noted that civil service reforms had made little progress hence this contribu...
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- Grade Level: Undergraduate