User:Deelyee/sandbox

Pfeiffer mentions that at a time when Mozambique initiated an International Monetary Fund (IMF)- structural adjustment program, it took a huge toll on the country. The currency was devalued, government services were cut back, and prices increased. This resulted in the deterioration of the health system. The SAPs are implemented in the developing countries,and the policies are conditions for getting new loans from the IMF, or obtaining lower interest rates on existing loans, this seems detrimental to the already impoverished countries. The loans are to be paid back at one point, and as the interest increases, the development of the countries is hindered.

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