strategy
Promoting structural adjustment in debtor countries
Description:
The objective of structural adjustment programs is to establish a market-friendly set of incentives that can encourage the accumulation of capital and more efficient allocation of resources.
Implementation:
Since the 1980s, the policies of the World Bank and IMF with respect to development in African countries has been one of structural adjustment.
Counter Claim:
It has been recognized, notably by the World Bank, that economic adjustment alone is not sufficient to place countries on a sustained, poverty-reducing growth path, seen as the long-term development challenge. Investment is also required in human capital, infrastructure and institution-building, and better governance.
Broader:
Facilitating economic structural adjustmentMitigating social consequences of structural adjustment programmes Narrower:
Providing debt relief for the poorest countries pursuing structural adjustmentProviding new and concessional funds to poor countries with economic reform programmesUsing support groups to help clear arrears of countries with economic reform programmes Facilitates:
Improving economic performance of debtor countries Problems:
Social hardships of economic reformValues:
Adjustment Subjects:
Commerce → CreditCommunication → Promotion
Type Classification:
G: Very Specific strategies Related UN Sustainable Development Goals:
