Structural Adjustment Program - Your Art History Reference Guide!

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Structural Adjustment Program

Structural adjustment policies (SAP) are loans from the International Monetary Fund( IMF) given to a nation who receives that loan with certain conditions. Nations are demanded to follow these conditions for approval of the loan.

Some of the conditions commonly are:

  • Cutting social expenditures ,
  • Devaluing currencies against the dollar,
  • Lifting import and export restrictions,
  • Balancing budgets and not overspending,
  • Removing price controls and state subsidies,
Last updated: 01-04-2007 01:18:57
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