International Monetary Fund ( Imf ) And The International...

In the early 1980s, an economic crisis swept across Sub-Saharan Africa. In an effort to revitalize the region, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), more commonly known as the World Bank, adopted resolutions that worked to ensure almost all countries of the subregion instituted programmes of economic reconstruction, described as â€Å"structural adjustment programmes† (SAP). This paper analyzes the most recent outbreak of Ebola in West Africa and how, along with a multitude of other factors, the SAPs served to create a perfect storm, ultimately resulting in the spread of Ebola throughout Western Africa. This topic, structural adjustment, relates to readings and lectures by both Professor Michael Smith of the University of Virginia Politics Department and Assistant Professor China Scherz of the University of Virginia Anthropology Department. Previously limited to East and Central Africa, the 2014 West Africa Ebola outbreak was the first time such a disease impacted the region. Global health agencies were predicting 10,000 cases a week by the end of 2014 and, as of October 29, 2014, there were 13,567 confirmed, probably, and suspected cases of Ebola Virus Disease in eight countries - Guinea, Liberia, Mali, Sierra Leone, Spain, Nigeria, Senegal, and the United States with 4,951 deaths. The failings of the public health systems across Western Africa are glaringly obvious, but this is not solely their fault. InShow MoreRelatedThe International Monetary Fund And World Bank Group1644 Words   |  7 PagesThe International Monetary Fund and World Bank Group The International Monetary Fund (IMF) and the World Bank have had enormous impact upon the world’s economies since their inception, after World War II. Although each of these organizations has a similar history, their role, objectives and funding are unique. 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These loan conditions and policies structured by these internationalRead MoreMonetary Fund And The World Bank1554 Words   |  7 Pagesnternational Monetary Fund and The World Bank, though has a good purpose of their existence, they have come under lots of criticisms as to how they use the leverage of being in a position of helping poor countries to either recover from economic collapse or give them debt relief and economic boost from loans they give out to them to impose policies and condition that those poor countries has to implement. These loan conditions and policies structur ed by these international financial power institutionsRead MoreThe Imf, Wto, And World Bank1053 Words   |  5 PagesCompare and contrast the IMF, WTO, and World Bank The World Bank was founded at the Bretton Woods Conference in 1944. The bank was first known as the International Bank of Reconstruction and Development. 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