Series: Finance & Development
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1988
Keywords: adjustment programs, structural adjustment, external shocks, aggregate demand, process of adjustment
This paper describes the effect of IMF-supported adjustment programs on the poor. The paper highlights that IMF-supported adjustment programs have often been misunderstood and have been criticized for seeking exces...