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.
References in periodicals archive ?
The indefatigable Khurram Husain wrote yesterday about the three attempts at 'adjusting' the economy over the past decade in fact 'structural adjustment' of the economy has been ongoing for more than 30 years!
The Philippine performance under the structural adjustment program (SAP) initiated by the IMF-World Bank in the late 1970s and continued by various administrations in the last four decades shows the weakness of the SAP economic modelling.
However, noting increasing external uncertainties and the fact that China is still going through a critical stage in structural adjustment, Mao said the country would stick to the supply-side structural reform and coordinate efforts to ensure stable and sound economic performance.(end).
He was also responsible for the structural adjustment of sales as part of the progressive internationalization strategy.
This article examines how much of the slowdown in labour productivity growth observed in Canada's business sector after 2000 was due to weaker productivity growth within industries and how much was due to structural adjustment. The analysis makes use of a decomposition method that differs from many of the standard decomposition approaches commonly found in the literature and allows for the contributions of changes in the importance of individual industries to be calculated.
(TAP) - The Popular Front (FP) has proposed a legislative initiative on the audit of Tunisia's public debt and debt guaranteed by the government since July 1986, date of entry into force of the structural adjustment program (SAP), Popular Front MP Fathi Chamkhi announced Wednesday.
Demand-side policy and structural adjustment are not mutually exclusive.
Governing Failure is about how the IMF and the World Bank, influenced by the US and British governments, prodded by NGOs, academics and others, moved away from "structural adjustment"--the narrow, high-conditionality and ultimately failed lending prescriptions of the 1980s--to the place we are today, a tentative and uncertain place Best calls "provisional" because of its tentative foundations.
(1) The structural adjustment effects on growth are a measure, therefore, of the efficacy of fiscal policy.
AFP -- The International Monetary Fund has changed and no longer imposes tough "structural adjustment" programmes as it did in poor countries two decades ago, IMF chief Christine Lagarde said Saturday.
Recently, the State Council issued the Implementation Plan about Accelerating Structural Adjustment and Promoting Reform and Upgrading of the Shipbuilding Industry (2013-2015).
The in-depth analysis of Structural Adjustment Program shows that IMF policies totally failed to bring any macroeconomic stability.

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