Structural Adjustment

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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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Schauble's departure leaves a huge gap on the European stage in the view of those who pushed for observing deficit rules and structural adjustments in the decade-long efforts to cope with Europe's financial crisis.
There were positive changes in performance as the structural adjustments continued, the tertiary industry gained more weight in the economy, in March the growth of exports returned to positive territory, and, after a period of moderation, the growth of industrial output stabilized.
It observed that downward pressures exist on China's economy due to weak global economy and domestic structural adjustments.
The estimates, concentrating on the effect of structural adjustment programs on growth, given the other policy variables and the cycle, are conducted by using: (a) the intuitive cross-section analysis, in which structural adjustments are put into relation with cumulative growth (as in Krugman, 2013; De Grauwe and Yuemei, 2013) and (b) two panel data econometric techniques: (a) the panel dynamic ordinary least squares (PDOLS) analysis, through which the countries' cumulative growth effects of structural adjustments are evaluated in terms of adjustment speed and (b) the pooled mean group (PMG) estimator, which yields an estimate of the long-run coefficients without the implausible assumption of identical dynamics in each country.
Political consensus remains in favour of structural adjustments through the country's IMF programme, but sustained fiscal consolidation will be challenging if there is growth underperformance or reform fatigue.
SBP Report said that growing macroeconomic imbalances in the economy are still quite manageable but further delay in implementing critical structural adjustments risks significantly increasing the future costs to the economy.
8m in the same period of the prior fiscal year due to structural adjustments.
A spokesman added: "Creating this link will involve minor structural adjustments to existing rooms and corridors at basement level in the two buildings and will not involve any major construction work.
Nearly half of the 2010 investment budget will be used to boost capacity and implement structural adjustments.
Economic reforms can be classified broadly into two categories: structural adjustments and macroeconomic reforms.
In preparing for the future, job creation capabilities shall be enhanced through financial and corporate structural adjustments, more efficient job training, and expanded social infrastructure.
He said: "If you take action now to expand borrowing, you know you will have to make structural adjustments later.

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