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IMF Forces African Countries To Privatise Water
 
Article by Rainer Chr. Hennig, afrol.com May be reproduced freely with source reference to http://www.afrol.com  afrol.com, 8 February - A review of IMF loan  policies in forty random countries reveals that, during 2000, IMF loan agreements in 12 countries  included conditions imposing water privatization or  full cost recovery. In general, it is African countries, and the smallest, poorest and most debt-ridden countries that are being subjected to
 IMF conditions on water privatization and full cost recovery.
 Ironically, the majority of these loans were  negotiated under the IMF's new Poverty Reduction and  Growth Facility (PRGF), says Sara Grusky from the
Globalization Challenge Initiative http://www.challengeglobalization.org]. The reform was announced with great fanfare in 1999 when IMF officials claimed that the new loan facility would  re-focus the IMF's controversial structural
 adjustment measures on activities that borrowing government's would identify as leading to poverty  reduction (...).