Which of the following is NOT true about structural adjustment programs (SAPs) ? - SAPs often require recipient nations to concentrate more on trade and production. - SAPS often require economies of LDC recipients to become more market oriented. - SAPs generally implement "free market" programs and policy.

-SAPs often require recipient countries to make budget cuts.

-SAPs often require LDC governments to pursue command economy policies.

Question

Alyvia Melendez

Business

26 October, 07:44

Which of the following is NOT true about structural adjustment programs (SAPs) ? - SAPs often require recipient nations to concentrate more on trade and production. - SAPS often require economies of LDC recipients to become more market oriented. - SAPs generally implement "free market" programs and policy.

-SAPs often require recipient countries to make budget cuts.

-SAPs often require LDC governments to pursue command economy policies.

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Answers (1)

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Marquise Little · Answer 1

Structural adjustment programs (SAP) are a type of loans that are provided by the International Monetary Fund (IMF) and the World Bank (WB) for countries that are experiencing economic crises.

International Monetary Fund is an international organization that specializes in managing international financial crises, although during its inception, it was created to foster global economic growth and trading between countries.

World Bank, on the other hand, is an international financial institution that provides loans for countries of the world to be used for capital projects, such as infrastructure development.

The incorrect statements in the question given regarding SAPs is SAPs often require LDC governments to pursue command economy policies.