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Adjustment Programme
(redirected from Adjustment Programs)

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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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In the 1980s, adjustment programs required countries to cut back on their expenditures, including outlays on education, health, water, agriculture, and other sectors that make a difference to poor households.
The conference also noted, "the effects of the structural adjustment programs on farm policies have not been able to boost Agriculture in such a way that it could better address the growing needs of the continent, particularly amid soaring oil and food prices.
For example, the two institutions have pushed African governments to reduce the size of both government and private sector workforces for better efficiency as part of what they call ''structural adjustment programs,'' but some analysts argue smaller workforces have brought about even more poverty in Africa.
 
 
 
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