Created: Dec 06, 2006
Updated: Feb 15, 2008
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How Structural Adjustment Destroys the Environment

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Type: Research Paper/Report or Journal Article
Website: http://www.50years.org/action/...
Author: Essential Action
Publisher: Essential Action
Country: United States
Scale of activity: Global

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"One major goal of structural adjustment programs (SAPs) and stabilization programs is to generate foreign exchange through a positive trade balance. To meet the IMF's ambitious targets for currency reserves and trade balance, countries must quickly generate foreign exchange, often turning to their natural resource base. Countries often over-exploit their resources through unsustainable forestry, mining and agricultural practices that generate pollution and environmental destruction, and ultimately threaten future exchange earnings."

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