1991 | OriginalPaper | Chapter
The EC and Structural Adjustment
Authors : Christopher Stevens, Tony Killick
Published in: Development Perspectives for the 1990s
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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Co-ordination between agencies engaged in policy-based lending is essential. With traditional project aid a lack of co-ordination may be wasteful but it need not vitiate the efforts of donors; with policy-based lendings this degree of tolerance disappears. A recipient government can only follow one set of recommendations for a given policy variable; if those providing advice do not proffer the same prescriptions it will be forced to reject some of them.