Structural Adjustment Loan Facility

(redirected from Structural Adjustment Facilities)

Structural Adjustment Loan Facility (SAL)

World Bank program established in 1980 to enhance a country's long-term economic growth through financing projects.

Structural Adjustment Loan Facility

Loans made by the World Bank and/or IMF to developing countries to finance projects, such as infrastructure, that will promote economic growth in the long term. They are often accompanied by requirements that the borrower make changes to its economic or monetary policies in order to better facilitate growth. For example, a structural adjustment loan may include a stipulation that the borrowing country relax any protectionist subsidies or tariffs.
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For its part, the IMF has merged its structural adjustment facilities into the new Poverty Reduction and Growth Facility (PRGF).
Neither will it benefit from the Stabex facilities which compensate for the loss of commodity export revenues, and nor will South Africa have access to the structural adjustment facilities and to the beef, sugar, and banana Protocols.
22 /PRNewswire/ -- Since the late 1980s, the International Monetary Fund (IMF) has offered concessional credits to low-income member countries through its structural adjustment (SAF) and enhanced structural adjustment facilities (ESAF), disbursing special drawing rights (SDR) 3.

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