Evaluates the challenges faces by labor as a result of Structural Adjustment Programmes
STRUCTURAL ADJUSTMENT
PROGRAMMES (SAPS)
The World Health Organization defines
Structural Adjustment Programmes
(SAPs) as economic policies for developing countries that have been promoted by the World Bank and
International Monetary Fund (IMF) since the early 1980s by the provision of loans conditional on the adoption of such policies.
LBS 120- History of Caribbean Labour
QUESTION 1
Lecturer: William Holder
Evaluate the challenges faced by labour as a result of Structural
Adjustment Programs (SAP)
From time to time, many third world and developing countries around the world need financial assistance, as fragile economic conditions often leave them in a negative downward spiral and unable to meet both short and medium term fixed and reoccurring debts. When economies are in such a bad state that they are unable to borrow from traditional international lenders then they most often resort to the International Monetary Fund (IMF) or the World Bank for assistance in the form of monies incorporated into a fiscal and structural agreement that outlines what each country is prepared to undertake in order to sustainably maintain positive economies moving forward. These conditional loans have traditionally been called Structural Adjustment
Programmes (SAP) and are more recently described as Poverty Reduction Strategy Initiative
Papers (PRSP)
The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the worldi.
Established around the end of the Second World War, the IMF has evolved over time into a complex and powerful lending facility that member countries can go to when in financial debt and whilst its services have been critical to the survival of many economies, many argue that the conditions under which the IMF is willing to provide
PROGRAMMES (SAPS)
The World Health Organization defines
Structural Adjustment Programmes
(SAPs) as economic policies for developing countries that have been promoted by the World Bank and
International Monetary Fund (IMF) since the early 1980s by the provision of loans conditional on the adoption of such policies.
LBS 120- History of Caribbean Labour
QUESTION 1
Lecturer: William Holder
Evaluate the challenges faced by labour as a result of Structural
Adjustment Programs (SAP)
From time to time, many third world and developing countries around the world need financial assistance, as fragile economic conditions often leave them in a negative downward spiral and unable to meet both short and medium term fixed and reoccurring debts. When economies are in such a bad state that they are unable to borrow from traditional international lenders then they most often resort to the International Monetary Fund (IMF) or the World Bank for assistance in the form of monies incorporated into a fiscal and structural agreement that outlines what each country is prepared to undertake in order to sustainably maintain positive economies moving forward. These conditional loans have traditionally been called Structural Adjustment
Programmes (SAP) and are more recently described as Poverty Reduction Strategy Initiative
Papers (PRSP)
The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the worldi.
Established around the end of the Second World War, the IMF has evolved over time into a complex and powerful lending facility that member countries can go to when in financial debt and whilst its services have been critical to the survival of many economies, many argue that the conditions under which the IMF is willing to provide