Adjustment Programme

(redirected from Adjustment Policies)

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.
References in periodicals archive ?
The increased involvement of the IMF in Africa over the last two years has alleviated short-term liquidity pressures and contributed to the design and implementation of adjustment policies to address macroeconomic imbalances.
Both near and medium term adjustment policies to position Rwanda's external position on a sustainable basis are part of an overall strategy to support growth, support poverty reduction and improve the country's resilience to future uncertainties in the global economy.
In its opinion, the European Committee of the Regions regrets the budgetary restrictions suffered as a result of the adjustment policies implemented throughout the last decade, since these undermine the achievement of the aims set out for the period 2020, 2030, (core network) and 2050 (global network).
OECD countries have a history of positive adjustment policies aimed at mitigating such impacts through industrial transformation, regional development, labor retraining and reallocation in coal mining regions and textile industries.
In 1991, Egypt was granted a $562m loan from the IMF, the World Bank, the African Development Bank, and other international financial institutions on the condition that Egypt would accept stabilisation and structural adjustment policies along with the loans.
Minister Nazarian's fresh words on Tuesday came during his patronage of the conference on energy adjustment policies, entitled "Beyond Paris Summit 21: Adjustment Policies in Mediterranean Region", organized by the Directorate General of Electricity and Water Resources of the Ministry of Energy and Water, at "Le Royal" Hotel in Dbaye, Beirut.
The pace of fiscal consolidation poses a risk to GCC growth prospects, if the chosen mix of adjustment policies leads to a larger-than-expected decline in domestic demand.
I hope that the deal struck this week in Brussels will avoid a larger crisis in Greece," the expert was cited by his office as saying, adding that further adjustment policies should respect the human rights obligations that are binding not only for the Government of Greece, but as well for the creditor countries and lending institutions.
In 2013, the International Monetary Fund (IMF) recognised that it miscalculated the impact of its fiscal adjustment policies.
In Romania, like in most European Union member states, even if the global economic crisis was felt in budgetary terms since the second half of 2007, significant adjustment policies were not implemented until later, in 2010.
On employment the opinion notes that the adjustment policies and structural reforms in the four countries have led to dramatic unemployment rates, historically high rates of job losses and worsening working conditions; points out that the consequences for activity rates, in particular as regards the sustainability of social protection and pension systems, were even more serious because the gap between the Europe 2020 targets and reality is rapidly growing ever wider.
To minimize these risks, the government must dispel doubts about its commitment to fiscal consolidation by rapidly implementing further adjustment policies that will put the budget back on the consolidation track.