Somalia had an economy based on trade between small breeders and small agriculture. Despite drought, the country remained self-sufficient on alimentary product during the 60's and 70's. During the 1970's decade population transfer programs permited the development of an important commercial sector: Breeding. until 1983, breeding represented 80% of Somalia importation takings. At the beginning of the 80's the IMF and the World Bank imposed a program of reforms. This program led to the colapse of the fragil balance between Nomad and sedentary sector. One of the goal of this plan was to collect money to refund the IMF and other creditors from several debts. In 1989, the IMF loan was void because Somalia had failed to pay previous interests. Somalia had to comply with the SAP in order to have new loans. The results are well known: The collapse of....

Number Of Pages: 1

Number Of Words: 261

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