ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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How Home-grown Were They?

The 1991 Reforms

Refuting the allegation that the 1991 reforms were thrust upon an unwilling government by the International Monetary Fund and the World Bank in return for financial assistance, it is argued instead that 1991 was the logical culmination of internal rethinking that took place well before the 1990 crisis. The reforms would have stopped within two years had they been only undertaken because of the need for the IMF's assistance. Though admittedly slowly, their continuation has been evident over successive governments.



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