The West African nation of Senegal became the first francophone country to sign up to a Policy Support Instrument (PSI), a Fund programme for low-income countries that involves oversight and conditionality but no financing. So far only African countries – Nigeria, Uganda, Mozambique, Tanzania and Cape Verde – have signed up for the programme. NGO ActionAid International issued a policy brief questioning whether the PSI offers a break from the PRGF and enables countries to pursue policies for long-term development and growth. It concludes: “In its two and a half years of existence, the PSI has proven itself to be a continuation of the PRGF … insist[ing] on highly restrictive monetary and fiscal policies and refusing to endorse much-needed state investments in development”.
World Bank Enabling the Business of Agriculture rankings prescribe land privatisation at the expense of family farmers, pastoralists, and Indigenous Peoples.
As debt crises across the African continent continue to soar, concerns are raised about the gendered impact of debt-servicing conditions imposed by international financial institutions.
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