Post-war economic collapse forced Somalia to accept IMF liberalisation

Evidence

The uneasy relationship with the American government which failed to deliver anything like the volume of military assistance requested was complicated by the American food aid arrangement permitting the Somali government to sell this grain to generate local funds for development projects whose control both parties contested. Nevertheless, the perilous state of the economy in the aftermath of the Ogaden War and the financial burden of the refugee crisis made it difficult for the Somali government not to accept an IMF package of economic ‘liberalisation’ measures. These involved devaluing the Somali currency; reducing state control in production, marketing and price-setting; and encouraging small businesses as well as seeking to develop exports. — I.M. Lewis, I. M. Lewis, A Modern History of the Somali_ Nation…, 606

Categorization

• XREF: Parallels the structural-adjustment straitjacket imposed on African states generally in the 1980s, and the US-Soviet client squeeze. — connects to: Inflation and state insolvency drove desperate Somali economic reforms in the mid-1980s — I.M. Lewis, I. M. Lewis, A Modern History of the Somali_ Nation…, 608; IMF liberalization policies created the educated but economically marginalized youth who fueled Islamism — Deepa Kumar, Islamophobia and the Politics of Empire, 340; Leaving the CFA only to enter IMF tutelage is no improvement. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 366 (+1 more)

Related

• Inflation and state insolvency drove desperate Somali economic reforms in the mid-1980s (similarity 0.85)
• IMF liberalization policies created the educated but economically marginalized youth who fueled Islamism (similarity 0.82)

Broader Connections

• Inflation and state insolvency drove desperate Somali economic reforms in the mid-1980s #corroborates (0.80) — I.M. Lewis, I. M. Lewis, A Modern History of the Somali_ Nation…, 608
• IMF liberalization policies created the educated but economically marginalized youth who fueled Islamism #expands (0.55) — Deepa Kumar, Islamophobia and the Politics of Empire, 340
• Labour itself applied harsh welfare cuts under IMF tutelage #exemplifies (0.40)
• Leaving the CFA only to enter IMF tutelage is no improvement. #responds-to (0.35) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 366