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The Structural Adjustment Programs (SAPs) connected to IMF loans have proven singularly disastrous for the poor countries but provide huge interest payments to the rich. In both cases, the "voluntary" signatures of poor states do not signify consent to the details of the agreement, but need.
The Enhanced Structural Adjustment Facility (ESAF) was a program of financial assistance given to poor countries from December 1987 through 1999 through the International Monetary Fund. It replaced the Structural Adjustment Facility (SAF) and was itself replaced by the Poverty Reduction and Growth Facility (PRGF).
Feminization of poverty refers to a trend of increasing inequality in living standards between men and women due to the widening gender gap in poverty.This phenomenon largely links to how women and children are disproportionately represented within the lower socioeconomic status community in comparison to men within the same socioeconomic status. [1]
For a long time, structural adjustment programs have been criticised for making excessive demands of austerity in the recipient country in return for financial aid. Such criticisms have been less pronounced in recent years, notably since 2009, when the IMF's SBA policies were modified to be more responsive to the recipient countries needs.
Initially, social safety nets were intended for three purposes: Institutional reform, to make the adjustment programs feasible politically, and most importantly, poverty reduction. [3] The social safety net is a club good, which follows from it being excludable but non-rival. [4]
Criticism of Western development became an important goal in the late 1980s, after the wake of severe economic crisis brought disease, poverty, and starvation to countries and sectors that were the focus of large Western structural adjustment development projects throughout Latin America, Africa, and other parts of the former colonial world.
Structural inequality occurs when the fabric of organizations, institutions, governments or social networks contains an embedded cultural, linguistic, economic, religious/belief, physical or identity based bias which provides advantages for some members and marginalizes or produces disadvantages for other members.
The liberalisation process was prompted by a balance of payments crisis that had led to a severe recession, dissolution of the Soviet Union leaving the United States as the sole superpower as well as the need to fulfill structural adjustment programs required to receive loans from international financial institutions such as the IMF and World ...