ABSTRACT
The World Bank and the IMF are the major actors who had advocated market-oriented reforms and liberalization programmes in order to restore economic stability in Zaïre. Their policy conditionalities included monetary control, cuts in public spending, massive devaluations, wage controls and sweeping liberalization of the internal market and international trade. But in spite of all these reforms, Zaïre failed to cope with economic decline and impoverishment. Today Zaïre is facing a rampant crisis and an overall decline of its production capacity. What went wrong?
