Impacts of IMF Programs

Increase in industrial roundwood exports from Cameroon since enactment of IMF adjustment in 1988: 1,400,000 m3/year, or 233%.

Amount by which lumber exports from Cameroon grew between 1995 and 1997: 49.6%.

Number of government jobs eliminated in Cameroon between 1995 and 1997: 5500.

Employees added to the Cameroon's Defense Ministry between 1995 and 1997: 4500.

Devaluation of the CFAF in 1994: 50%.

Increase in total land area of logging concessions in Gabon since 1994: 6,900,000 hectares, or 138%.

Foreign ownership of five largest logging companies operating in Gabon in 1997: 89%.

Increase in Gabonese log exports from 1991 (marking onset of stand-by arrangement with the IMF) until 1997: 1,200,000 m3/year, or 85%.

Change in Thailand's Science, Technology, Energy, and Environment budget since IMF's 1997 intervention: -40%.

Decrease in money allocated by Thailand for pollution control since 1997: 80%.

Decrease in proportion of Thailand's fisheries budget dedicated to conservation: 1/3.

Increase in proportion of Thailand's fisheries budget dedicated to promotion: 1/9.

Amount by which Jakarta, one of the world's most polluted cities, decreased spending on environmental programs after the 1997 bailout of Indonesia: 100%.

Forest cover lost in Nicaragua between 1980 and 1995: 27%.

Increase in Nicaragua's forestry sector as a proportion of GDP since its receipt of money from the IMF's 'Enhanced Structural Adjustment Facility' in 1994: 113%.

Decrease in Nicaragua's Ministry of the Environment & Natural Resources budget in 1997: 26%.

Size of financial package arranged by IMF for Brazil in 1998: $41,000,000,000.

Cut in funding for enforcement of environmental regulations in Brazil in 1999: 50%.

Reduction in Philippines government spending after 1998 agreement with IMF: 25%.

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