We strongly support the activities of international financial institutions, including those regional development banks which foster policy reforms by borrowers and finance their programmes of structural adjustment.
Monetary easing has the side effect of alleviating the pain in the process of structural adjustment, but at the same time it makes economic entities delay adopting radical solutions to structural problems.
In this regard, progress in structural adjustments is indispensable for forming the foundation of medium- to long-term economic development, and thus should not be regarded merely as a downside risk.
Looking back on the eight years since the collapse of the bubble, Japan's economy has faced recurrent deflationary pressure as well as pressure for structural adjustment.
In fact, some market participants link deflationary concerns to structural adjustment and argue that the zero interest rate policy should continue as long as there are pressures for structural adjustment.
Emphasizing that economic policies are never neutral in their effect on children's rights, the Committee has been deeply concerned by the often negative effects on children of structural adjustment programmes and transition to a market economy.
Structural Adjustment is a plan to reform economic structure or economic policy that IMF and the World Bank impose on the governments of developing countries, and a new conditionality of abolishing all subsidies for a loan has been set up for agricultural aid.
We will do a good job of stabilizing growth, promoting reform, adjusting structure, benefiting people's livelihood, preventing risks, and ensuring stability, and constantly enhance the sense of acquisition, happiness, and security of all ethnic groups, and make this landscape of the northern frontier of the motherland even more beautiful.
This is the policy currently being applied to Greece today, and it has been the basis of the IMF's structural adjustment or austerity programs imposed on debtor countries, essentially a form of looting that turns over national resources to foreign lenders.
Put a country in debt you divide is own in disgression, or through corrupting the leader of that country, then impose"conditionalities" or"structual adjustment policies" often consisting of the following.
The Committee acknowledges that, due to the 1997 Asian financial crisis and the ensuing structural adjustment reform programme of the International Monetary Fund, the State party has faced economic and financial constraints which has affected its ability to implement economic, social and cultural rights.
In particular, the international financial institutions, notably the World Bank and IMF, should pay greater attention to the protection of the right to education in their lending policies, credit agreements, structural adjustment programmes and measures taken in response to the debt crisis.
We welcome the various proposals made in this area by some of us and also the proposal by the Managing Director of the IMF for a significant increase in the resources of the Structural adjustment Facility over the three years from January 1, 1988.
Then he dropped all those around him and signed an agreement with the International Monetary Fund to bring in structural adjustment, alignment with the United States and Colombia, and a pact with Ecuador's hard-line right, the Social Christian party(PSC).
A few members commented on market reaction to structural adjustment. They pointed out that structural adjustment was recently not necessarily taken as deflationary pressure but was being taken in many cases as a positive factor as shown by the rebound in stock prices.
These members contended that the economy still faced the deep-rooted problem of weak demand and the persistent pressure from structural adjustments, and therefore, a recovery of the economy or a halt in price declines could not be achieved by monetary easing measures alone.
But some still lack adequate policies for structural adjustment and growth designed to encourage the efficient use of domestic savings, the repatriation of flight capital, increased flows of foreign direct investment, and in particular reforms of financial markets.
Living under structural adjustment policies and the supposed expertise of international organizations like the World Bank and IMF, we watched as our resources, industries and public services were sold off and dismantled as the?free market? pushed an addiction to foreign goods, to foreign food even.
In the 1990s, interest in poverty relief was high, and having undergone structural adjustments in the 1980s and reconsidered the meaning of development aid, focus was particularly on institutions and governance, non-income related poverty(human rights and social exclusion), participation in the local community, and self-initiated public action Drèze and Sen 1989.
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