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Adjustment Programme
(redirected from Adjustment Programmes)

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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.


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Even if Athens and Dublin apply EU/IMF adjustment programmes to the letter, despite popular protest, they will end up with smaller economies to pay off larger debts.
Good governance' and its various conceptual contours have been widely used and referred to in the recent literature on globalisation, liberalisation and structural adjustment programmes.
Structural adjustment programmes are wide ranging from reducing the role of government in the matter of private sector, to allow prices and income to respond freely to market forces and to open economy to foreign trade and investment.
 
 
 
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