Structural adjustment, economic growth and the aid-debt service system

During the 1990s there were profound changes in the national policy environment in many LDCs. These changes were mainly brought about within the framework of structural adjustment programmes guided by the IMP and World Bank. The process began in the early 1980s with World Bank structural adjustment loans, but in general, LDCs were not in the vanguard of this movement. However, this situation changed radically following the introduction by the IMP of the Structural Adjustment Pacility (SAP) in March 1986 and its extension in September 1987 into the Enhanced Structural Adjustment Pacility (ESAP). Indeed, the ubiquity and scope of economic reforms undertaken in ESAP-supported programmes can be said to have been the main new feature of the LDC national policy environment in the 1990s.

Sustainable Development Goals:

Affordable and Clean Energy

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions