Economic adjustment programs

Economic adjustment programs are strategies implemented by countries facing financial difficulties to stabilize their economies. They typically involve reforms such as reducing government spending, increasing taxes, or improving financial management to restore balance and promote growth. Often supported by international organizations like the International Monetary Fund (IMF), these programs aim to restore investor confidence, stabilize currency, and encourage sustainable development. While they can lead to short-term hardships like higher unemployment or inflation, their goal is to create a healthier, more resilient economy over the long term.