Agricultural policy analysis project phase II: Adjustment and agriculture issue for the 1990's
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Date
1991-02-25
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Abstract
Adjustment lending began as a response to the financial crises in developing countries during the late 1970s. Stabilization programs, generally undertaken with the International Monetary Fund (IMF) were designed to quickly reduce chronic balance of trade deficits through measures which often contracted domestic demand. Structural adjustment lending generally undertaken by the World bank complemented stabilization programs by focusing on measures to make the economy more efficient and to stimulate the supply of tradable goods.
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Keywords
Agricultural policy analysis, International monetary fund, Growth and development