structural adjustment

Structural adjustment refers to policy changes implemented by a country’s government, often under the guidance of international organizations like the International Monetary Fund or World Bank, to improve economic stability and growth. These adjustments typically involve reducing government spending, opening markets to international trade, privatizing state-owned enterprises, and deregulating industries. The goal is to strengthen the economy, attract investment, and create a sustainable financial environment. While these measures can promote economic efficiency, they may also lead to social and economic challenges, especially for vulnerable populations, as they often involve cuts to social services and public sector support.