The conditionalities that these loans carried with them prevented these countries from progressing beyond anything except the export of their basic, primary goods. Also, certain quantities, prices, and other demands were required. This was because the western, core countries controlled the IMF and World Bank, meaning that they would want to profit from these SAP's in some manner...
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Also, certain quantities, prices, and other demands were required. This was because the western, core countries controlled the IMF and World Bank, meaning that they would want to profit from these SAP's in some manner. So instead of helping these countries develop, they just end up exploiting them instead, leaving huge amounts of debt that these countries cannot pay back (HIPC: Highly Indebted Poor Country)...
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