Includes bibliographical references.

The book presents case studies of Burundi, Cote d'Ivoire, Ghana, Kenya, Nigeria, Senegal and Tanzania - all chosen for the wide variety of conditions present before their individual adjustment programmes began. The studies confirm that whenever adjustment programmes are vigorously pursued, results are strongly positive from the viewpoints of growth and alleviation of poverty. A key element in ensuring a successful adjustment programme is strong motivation and commitment by the leadership of each nation. Too many abrupt, unpredictable and frequent changes and reversals of policies erode the credibility of the programmes, intensify the uncertainties, and slow down investor confidence. In short, the success of reforms hinges on policy stability, continuity and predictability.