Adjustment Programme

(redirected from Adjustment Policies)

Adjustment Programme

A set of economic or monetary policies a government takes in conjunction with the International Monetary Fund to reduce a deficit in a country's balance of payments. An adjustment programme often includes measures designed to make the country more fiscally sound, but which are painful to the populace. For example, an adjustment programme may stipulate a reduction or elimination of food subsidies. See also: Structural Adjustment Loan Facility.
References in periodicals archive ?
First, it investigates the impact of the Hungarian and Icelandic adjustment policies, comparing the countries' performance on economic variables.
The pace of fiscal consolidation poses a risk to GCC growth prospects, if the chosen mix of adjustment policies leads to a larger-than-expected decline in domestic demand.
I hope that the deal struck this week in Brussels will avoid a larger crisis in Greece," the expert was cited by his office as saying, adding that further adjustment policies should respect the human rights obligations that are binding not only for the Government of Greece, but as well for the creditor countries and lending institutions.
The adjustment policies put in place in all three countries have reduced subsidies, mobilized financial resources and reversed the negative trends in foreign reserves.
On employment the opinion notes that the adjustment policies and structural reforms in the four countries have led to dramatic unemployment rates, historically high rates of job losses and worsening working conditions; points out that the consequences for activity rates, in particular as regards the sustainability of social protection and pension systems, were even more serious because the gap between the Europe 2020 targets and reality is rapidly growing ever wider.
To minimize these risks, the government must dispel doubts about its commitment to fiscal consolidation by rapidly implementing further adjustment policies that will put the budget back on the consolidation track.
Commenting on a radio program about a report from the Economic Commission for Latin America and the Caribbean (ECLAC), Dellatorre referred to the adjustment policies that international lending institutions have demanded of countries like Greece and Spain.
The left was on the defensive due to the collapse of socialism in the Soviet Bloc, and in many countries it was the historically labour-based populist parties who took the lead in imposing structural adjustment policies.
The institutional and political marginalization of TAA suggests the potential gains from an international adjustment mechanism, which would augment domestic regulatory regimes in order to encourage and support welfare-enhancing adjustment policies.
The canvas sadly was large-- f Greece, Ireland, Portugal, Italy and Spain-- f but rational adjustment policies working towards fiscal consolidation and structural reforms will only strengthen their national economies.
However the trend intensified in recent times due to structural adjustment policies imposed on many countries.
In Senegal, this meant confronting the nation's health care provider shortage and the increased infant and maternal mortality that have resulted from structural adjustment policies that cut women's health services.