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Working Paper 86 - A Review of Ex - ante Poverty Impact Assessments of Macroeconomic Policies in Cameroon and Ghana
Cameroon and Ghana went through a series of stabilization and structural adjustment programs in the 1980s and 1990s that implied considerable changes to a broad range of macroeconomic polices. However, in terms of poverty reduction, little has been achieved, except more recently in Ghana. While some claim that macroeconomic stabilization has gone too far, others maintain that changes in macroeconomic policies have not gone far enough. Even though it is clear today that the developmental challenges facing most developing countries are cross-cutting and need a comprehensive set of macroeconomic, sectoral and social policies, macroeconomic policies continue to be at the center of the debate.