IMF Structural Adjustment Programs

IMF Structural Adjustment Programs are policies that the International Monetary Fund recommends to countries facing economic difficulties. These programs aim to stabilize the economy by encouraging reforms like reducing government spending, privatizing state-owned companies, and promoting free markets. The goal is to improve a country's financial situation and encourage growth, making it easier to repay debts. However, these measures can sometimes lead to social challenges, like reduced public services or increased unemployment. Overall, the IMF uses these programs to help countries regain economic stability and sustainable growth while managing debt obligations.