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.
References in periodicals archive ?
The Forums agenda included an examination of Grenadas home-grown structural adjustment programme and Jamaicas economic transformation programme.
Paper attempts to find out the social, political and economic impact of Structural Adjustment Programme (SAP) joined by Pakistan from 1988 to 2002, with the hope that it would bring macroeconomic stability and democracy in the country, finally leading to economic development after the years of dismal economic performance under various regimes.
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.
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.
Nigeria's Structural Adjustment Programme was introduced in 1986 with a principal aim of correcting this mounting bias against agriculture.
5 billion under a three year programme of Extended Fund Facility (EFF) and Extended Structural Adjustment Facility (ESAF) due to deviation from the schedule of economic reforms for which Pakistan had entered into a three year agreement with IMF under the Structural Adjustment Programme (SAP).
Abdoulaye Bathily, Senegal's structural adjustment programme and its economic and social effects: The political economy of regression, in 2 The IMF, the World Bank and the African Debt 131 (Bade Onimode ed.
Its three-year structural adjustment programme, which will end in June 1992, has been agreed with the World Bank/IMF which has approved a loan of $45 million.
The Growth Fund also includes a $15 million boost to the Automotive Industry Structural Adjustment Programme and a $30 million Regional Infrastructure Programme.
In an effort to rehabilitate its economy and address the issue of balance of payment, Pakistan accepted an IMF structural adjustment programme in 1988 under which it accepted raft of conditionalities.
The government has taken austerity measures since 1994 in a bid to reform the economy, under an IMF-guided structural adjustment programme.

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