Structural Adjustment

(redirected from Structural Adjustment Programme)

Structural Adjustment

A government program in a developing country making changes to 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 impose higher taxes to balance the budget. Structural adjustments are necessary in some cases before the IMF or the World Bank will make loans to finance further development. See also: Structural Adjustment Facility.
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The Growth Fund also includes a $15 million boost to the Automotive Industry Structural Adjustment Programme and a $30 million Regional Infrastructure Programme.
For his part, Secretary-General of the Tunisian General Labour Union (UGTT) Houssine Abassi said the "neo-liberal development method adopted by Tunisia since the mid 80's as part of the structural adjustment programme proved its failure when youth of the revolution shouted slogans calling for employment, development and social justice.
The government could not finance the project because, under the IMF structural adjustment programme, it was committed not to take on any new public debt.
Chapter two traces the Egyptian land reform under the Economic Reform and Structural Adjustment Programme (ERSAP) in relation to stabilization and sustainability.
Since the start of the structural adjustment programme in the 1980s, a growing debate has emerged as to the efficiency of these programmes to bring about sustainable economic growth, and as to their impact on poverty and basic needs fulfilment.
Malawi has been on an IMF structural adjustment programme since 1993, and has suffered since then.
Since a Structural Adjustment Programme was instituted in 1986 tax and employment laws have changed to favour the private sector, customs tariffs have been reduced, free trade zones for export-oriented industries have been set up in Bizerte in the north and Zarzis in the south, and industry promotion agencies have been established, with offices in Europe, the US and South Africa, to market Tunisia as an investment opportunity.
For many Ghanaians, resorting to the IMF is not only a reminder of how bad things have become (the country quit the programme in 2007) but a return to the "dark days" of the 1980s, when, under the Bretton Woods-directed Structural Adjustment Programme, the country had to undertake a bitter and socially disruptive programme of economic realignment.
A news release said, "The structural adjustment programme was developed by the local government as part of debt restructuring initiative.
In Nigeria, the Structural Adjustment Programme (SAP) launched by the Federal Government in 1986 marked the start of a progressive withdrawal of state involvement from a number of sectors.
The government has taken austerity measures since 1994 in a bid to reform the economy, under an IMF-guided structural adjustment programme.
van Stuijvenberg, evaluates the impact of India's Structural Adjustment Programme (SAP) on the poor and suggests some policy corrections to mitigate the adverse effects of this adjustment on the poor.

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