The economic impact of Structural Adjustment (SAP)

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Newsletter on Structural Adjustment in Nicaragua
SNV, Netherlands Development Organization, Nicaragua office, January 1996. The activities of civil society towards structural adjustment. On 13 December 1995 was launched the Initiative for Nicaragua, to engaged all social sectors in support of civil society participation in decisions affecting structural adjustment, rather than the govenment mechanically following the guidelines of the IFIs. The SAP and food security. International conferences.
Nicaragua to Sign Structural Adjustment Agreement
By the Witness for Peace Long Term Team, 3 August 1997. Nicaragua will sign a new Enhanced Structural Adjustment Facility (ESAF) with the IMF by December. The new ESAF will last for two years and is precondition of debt relief under the World Bank and IMF's Highly Indebted Poor Countries (HIPC) Initiative. The ESAF comes with strict conditionalities, many of which are carryovers from the first ESAF (1994-1997), which the Chamorro administration failed to fulfill.
New IMF Plan Goes Into Effect
Weekly News Update on the Americas, 15 February 1998. The Enhanced Structural Adjustment Facility (ESAF) means new austerity measures. Purchasing power of average wages fell. Critics charge that the ESAFs and the neoliberal policies of president Aleman undercut the agricultural producers and the small and medium businesses that form the productive base of the Nicaraguan economy.
IMF Adjustment Maintained Relentlessly
By Roberto Fonseca, IPS, 18 November 1998. The International Monetary Fund (IMF) offered Nicaragua 50 million dollars in soft loans in the wake of the devastation caused by Hurricane Mitch, but the nation will not ease up on the structural adjustments they require. The FSLN wants redefinition of macroeconomic goals and total waiver of foreign debt, and a separation of hurrican relief from the redevelopment debt.