Trinidad and Tobago (structural adjustment)

Trinidad and Tobago's structural adjustment refers to economic reforms implemented in the 1980s and 1990s, guided by international organizations like the IMF and World Bank. These reforms aimed to stabilize the economy by reducing government spending, liberalizing trade, and encouraging private investment. The goal was to make the economy more efficient and less dependent on oil and gas revenues. While these measures helped improve fiscal stability, they also led to social challenges like unemployment and reduced public services, highlighting the complex balance between economic restructuring and social impact.