Argues that the strong opposition to International Monetary Fund macroeconomic stabilisation policies in Africa indicates how difficult and painful it is to put an over-indebted economy on its feet within a short period of time. The book criticises the Fund for being short-sighted.

Professor Anunobi argues that the strong opposition to International Monetary Fund macroeconomic stabilisation policies in Africa indicates how difficult and painful it is to put an over-indebted economy on its feet within a short period of time. This brings out the book's major criticism of the Fund, that is, that mainly the IMF takes a short-sighted view of the debtor's successes in achieving financial and economic stability. This study attempts to address this discrepancy by examining the Fund-support adjustment programmes and the Third World's economic problem in a systematic fashion by using Nigeria as a case study.