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Structural adjustment

Definition

Term used to describe the policy changes implemented by the International Monetary Fund (IMF) and the World Bank in developing countries. These policy changes are conditions for getting new loans from the IMF or World Bank, or for obtaining lower interest rates on existing loans.

Source

Glossary. M.S. Ashton et al. (eds.), Managing Forest Carbon in a Changing Climate, DOI 10.1007/978-94-007-2232-3, © Springer Science +Business Media B.V. 2012