Peace without Profit

Peace without Profit

How the IMF Blocks Rebuilding in Mozambique

Joseph Hanlon


Currently out of stock

James Currey



Examines the economic problems facing post-civil war Mozambique.
This book argues that following the dictates of the IMF/World Bank has prevented Mozambique from rebuilding itself, and asks whether aid can ameliorate the distortions imposed by these organizations. The author explains the donor case, and considers what lessons there are for other African countries which must follow Mozambique's experience - Liberia, Rwanda, Zaire, Somalia, Sudan and Angola.

Where is the boom which should have followed the end of Mozambique's war? Can aid ameliorate the distortions imposed by the IMF

JOSEPH HANLON has published a number of influential and provocative books on Mozambique

Published in association with the International African Institute


December 2003
15 black and white, 16 line illustrations
192 pages
21.6x13.8 cm
African Issues
ISBN: 9780852558003
Format: Paperback
James Currey
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The Mozambique news agency AIM reported that on a visit to Mozambique in February 1997 the World Bank president, James Wolfensohn 'had friendly words to say about one of the harshest critics of the Bank's policies towards Mozambique, writer and journalist, Joseph Hanlon, whose latest book Peace without Profit is a scathing indictment of IMF and World Bank operations. 'Some of Hanlon's criticisms I have taken to heart', said Wolfensohn. The central argument of Hanlon's book is that the policies of the International Monetary Fund in Mozambique are the main factor hampering reconstruction and development...The much touted peace dividend, illusory everywhere since the end of the Cold War, certainly has been absent in Mozambique. Hanlon's to bring Mozambique at least one step closer to realizing such a dividend by exposing the ill-conceived policies of the IMF. Seen in these terms, the book is a welcome addition to the burgeoning debate on the nature of post-war Mozambique and current development prospects. The language is engaging and Hanlon makes economic concepts easy to understand. And witnessing Hanlon chastise that paragon of monetarism and neo-liberalism, the IMF, for being bad capitalists is well worth the admission price. - Carolyn Bassett in SOUTHERN AFRICA REPORT
... he does a very good job of combining his own interviews, thorough reading of the work of other researchers (including that of Mozambican scholars) and concise presentation of difficult ideas to construct a compelling sense of the senselessness of donors lining up behind IMF/World Bank conditionalities in Mozambique. - Bridget O'Laughlin in JOURNAL OF DEVELOPMENT STUDIES
... it looks set to play a significant part in debates about the course of Mozambican politics and development. Like his earlier work, Peace without Profit eschews academic analysis for a readable and polemical journalism. Straightforward and easy to read... - James Derrick Sidaway in JOURNAL OF SOUTHERN AFRICAN STUDIES

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