We analysed the policies and effects, and our direct experiences of World Bank SAPs over recent decades in our countries. We noted that, despite the negative economic, social, political, and environmental effects of SAPs, NEPAD
- accepts the fundamentals of the neo-liberal and gender-blind SAPs paradigm which has been largely responsible for the deepening of the African crises, including the feminisation of poverty;
- uncritically endorses the latest version of SAPs, the so-called Poverty Reduction Strategy Programme (PRSPs) which have been discredited by popular movements;
- throws a lifeline to the IMF and WB at precisely the time that they are in ideological and institutional crises as a result of unremitting criticism and struggles worldwide against their policies.
We commit ourselves
- To continue to expose to greater public knowledge, and reinforce our resistance to all policies of the IMF and the World Bank now incorporated into NEPAD.
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