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| Title: | The EU and Structural Adjustment: The Case of Lome IV and Zimbabwe |
| Author: | Brown, William |
| Year: | 1999 |
| Periodical: | Review of African Political Economy |
| Volume: | 26 |
| Issue: | 79 |
| Period: | March |
| Pages: | 75-91 |
| Language: | English |
| Geographic term: | Zambia |
| Subjects: | European Union economic policy Lomé Convention international relations Economics and Trade Politics and Government |
| External links: | https://www.tandfonline.com/doi/abs/10.1080/03056249908704361 http://ejournals.ebsco.com/direct.asp?ArticleID=42C1AA68EAA367BFF3DC |
| Abstract: | The Fourth Lomé Convention between the EU and the ACP countries, signed in 1989 and renewed in 1995, was significant above all because it involved the EU aid programme in structural adjustment support for the first time. Thus it moved the Lomé Convention, hitherto seen as a relatively unconditional source of aid for African countries, into a much closer relationship with the Bretton Woods institutions. Shortly after Lomé IV was signed, in 1990, Zimbabwe, one of the more developed and diversified of the ACP economies, embarked on an economic reform programme with World Bank and IMF backing. This article investigates the EU support programme for Zimbabwe's adjustment concentrating on the first financial protocol of Lomé IV (1990-1995). It shows that the EU has failed to offer any prospect of an alternative to, or moderation of, the dominant neoliberal priorities of the World Bank and the IMF. Given the serious criticisms of the design of the IMF programme, the subordination of EU support to the World Bank-IMF-driven programme is particularly damaging. Bibliogr., notes, sum. |
