economic adjustment program

An Economic Adjustment Program is a set of policies and reforms implemented by a government, often in collaboration with international organizations like the IMF, to stabilize and improve a country's economy. These programs typically address issues like high debt, inflation, or unemployment through measures such as austerity (reducing government spending), restructuring debt, and implementing economic reforms. The goal is to restore financial stability, boost growth, and create a sustainable economic environment, which can sometimes lead to short-term hardships but aims for long-term prosperity.