word
Structural Adjustment
STRUK-cher-ul ah-JUST-ment
/ˈstrʌktʃərəl əˈdʒʌstmənt/Listen
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Syllable breakdown
structuraladjustment
Dictionary meaning
IMF and World Bank conditions attached to loans — requiring privatization, cutting subsidies, and liberalizing trade; implemented across Latin America, Africa, and Asia in the 1980s-90s; criticized for causing poverty and undermining public services while failing to produce promised growth
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