structural adjustment
nounUK /ˈstrʌk.tʃər.əl əˈdʒʌst.mənt/
US /ˈstrʌk.tʃɚ.əl əˈdʒʌst.mənt/
A big change to how a country's money and jobs are organized, often to get help from a bank.
The country made a structural adjustment to its economy so it could borrow money.
RELATED WORDS
OTHER MEANINGS
2. A change in the way something is built or put together.
The bridge needed a structural adjustment after the earthquake.
3. A shift in the basic parts of an organization or system.
The school made a structural adjustment to how classes are scheduled.
4. A set of economic policies required by lenders in exchange for loans.
The structural adjustment program included cutting government spending.