ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Fund-Bank Policies of Stabilisation and Structural Adjustment-A Global and Historical Perspective

Fund-Bank Policies of Stabilisation and Structural Adjustment A Global and Historical Perspective T Krishna Kumar The IMF and the World Bank have developed a policy framework for dealing with the balance of payments problems of developing countries which is supposed to be based on their extensive and varied experience in lending to countries that have faced severe payments crises. This policy framework is being used extensively and indiscriminately by these multilateral agencies for setting instruments of conditionality for lending.

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