Structural Adjustment Loan Facility

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Structural Adjustment Loan Facility (SAL)

World Bank program established in 1980 to enhance a country's long-term economic growth through financing projects.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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For its part, the IMF has merged its structural adjustment facilities into the new Poverty Reduction and Growth Facility (PRGF).
Another Euro 150 million will be allocated to structural adjustment facilities in those countries.
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.

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