Structural Adjustment Program

Structural adjustment policies (SAP) are loans from the International Monetary Fund( IMF) given to a nation who receives that loan with certain conditions. Nations are demanded to follow these conditions for approval of the loan.

Some of the conditions commonly are:

• Cutting social expenditures ,
• Devaluing currencies against the dollar,
• Lifting import and export restrictions,
• Balancing budgets and not overspending,
• Removing price controls and state subsidies,