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,