Answer to Question #111101 in Political Science for nathan

Question

What are structural adjustment programs? What countries resisted these programs, and why. (answer in 2 to 3 sentences)

Answer 1

Structural adjustment programs consist of loans provided by the International Monetary Fund (IMF) and the World Bank to countries that most experienced economic crises. Countries which resisted t this programs are seven and are Cuba, East Timor, North Korea, Liechtenstein, Monaco, Taiwan and Vatican City. They thought that IMF was being used by other countries to get advantage over other countries in terms of loans.