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Max Planck Encyclopedia of Public International Law [MPEPIL]

International Monetary Fund, Structural Adjustment Programme (SAP)

Sabine Schlemmer-Schulte

Content type:
Encyclopedia entries
Product:
Max Planck Encyclopedias of International Law [MPIL]

Module:
Max Planck Encyclopedia of Public International Law [MPEPIL]
Article last updated:
October 2014

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 10 September 2024

Subject(s):
International monetary law

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

1 Structural adjustment programmes go hand in hand with the evolution of financial support by the International Monetary Fund (IMF) (‘Fund’) to members in balance of payments difficulties, as well as with the evolution of the World Bank (‘WB’ or ‘Bank’, here meaning both the International Bank for Reconstruction and Development [IBRD] and the International Development Association [IDA]) aid programmes in support of economic and social development of Bank borrowing members. Under their charters, the IMF was designed to render short-term financial support of its...
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