Structural Adjustment

(redirected from Structural adjustment program)
Also found in: Acronyms.

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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References in periodicals archive ?
Occidental soon amended the Agreement, with the consent of Congo, to assign a portion of Occidental's rights in the oil to Gulf in exchange for Gulf taking over the structural adjustment program. The Amendment specifically referenced the initial agreement between Occidental and Congo, but contained no waiver provisions of its own.
The Pakistani currency has dropped by nearly 20% during last fiscal year mainly because of the conditions imposed by International Monetary Fund (IMF) and World Bank for a structural adjustment program.
Algeria is implementing a structural adjustment program backed by the IMF and the World Bank.
By the end of the '80s, declining oil revenues and economic difficulties led to a new economic orientation and in '91 the government embarked on a comprehensive economic reform and structural adjustment program. Over the past three years, significant achievements have been made.
The economic reform and structural adjustment program in Israel seems to not have had much of an effect on trading patters between Egypt and Israel.
Japanese Foreign Minister Masahiko Komura and Tanzanian Minister of Natural Resources and Tourism Zakia Meghji signed the package comprising 1.5 billion yen in nonproject grants for a structural adjustment program and 800 million yen for increasing food production.
The Nigerian debt, for example, rose from $20 to $30 billion in the 1980s after a Structural Adjustment Program was introduced.
A general consensus among both national and international commentators is developing that the economic policies of most African countries have not led to sound economic and social development, and that some sort of structural changes are needed.(17) However, the term Structural Adjustment Program generally indicates the specific programs pursued by the World Bank and the International Monetary Fund.(18)
The in-depth analysis of Structural Adjustment Program shows that IMF policies totally failed to bring any macroeconomic stability.
Knock at the door of IMF and burden your nation not only with a massive loan but also with numerous conditional terms, based on the 'Structural Adjustment Program' of IMF, that destroy the long-term fiscal growth of a developing country.
The government has also entered into a structural adjustment program with the International Monetary Fund.
In agreeing to end the revolt, the soldiers asked the government to expel officials from the World Bank, the International Monetary Fund (IMF) and the Australian government who have been overseeing a structural adjustment program in return for soft loans aimed at ending the country's long-term recession.

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