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Structural Adjustment programs of the IMF Obla Rose-Michelle Orim amp Amy-Adonai Uranta ILST International Economics and Development Structural Adjustment programs of the IMF Structural Adjustment Policies SAP are policies related to the economy, which countries need to follow to qualify for the new International Monetary Fund IMF and World Bank WB loans. SAP helps these countries to make debt repayments based on the old debts they owe to the governments, commercial banks, and the World Bank. Even though SAPs are made for individual countries, they have general features and guiding principles that include growth related to export, liberalization and privatization, and the free market efficiency. Usually, SAPs need countries to lift export and import restrictions, devaluate their currencies against the dollar, equalize their budgets, and eliminate the pricing controls together with the subsidies of the state. There are essential elements of structural adjustment programs of the IMF. This paper will [...]
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Do structural adjustment programs work? Outline the key elements of structural adjustment programs by the IMF (the latest version, they have changed since the 1980s) and explain whether or not they work on the basis of a country study: Greece could be a good example here or Chile; or Argentina; etc. it would be interesting to find a case where structural adjustment has worked;
Subject Area: Other
Document Type: Non-word Assignments
