Structural adjustment loans have been among the important leveraging tools of bi and multilateral donors in the post-war era. They have come to dominate economic policy contexts of a large majority of poor countries, and ostensibly will continue to do so as the debt trap intensifies. In Pakistan, beginning in the 1980s, the adoption of structural adjustment programs began in earnest, with collaboration between the Pakistani government and international financial organizations (IFIs). This paper will trace the adoption and development of the structural adjustment and poverty reduction strat…
