launched its offensive in October signed an agreement with the IMF and world Bank to sct in mowon a Structural Adjustment Programme (SAP). This took effect in November 1990, whereupon the Rwandan franc was devalued by 67 per cent. In return the IMF granted credits and hard currency to enable the country This made it possible to keep the balance of payments in balance. Im. port prices increased dizzyingly: petrol prices went up by 79 per cent. By selling these imports on the national market, the government was able to finance the pay of the troops, whose numbers were growing geometrically. The SAP forecast a cut in government spending. There was a wage freeze and layoffs in the civil service, but part of this spending was ten pre were ring While import prices were rising, the purchase price paid to coffee farmers was frozen, as required by the TAlE. This meant ruin for hundreds of thousands of small scale International Viewpoint, monthly publication of the Fourth International, carries all the background information you cannot find in the bourgeois press. IVP's normal selling price is £2 per month, but British readers can subscribe jointly to IVP and Socialist Outlook for just £25 per year. Send your details and a cheque payable to Socialist Outlook to PO Box1109, London N4 2UU.
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