Which of the following organizations characteristically supports 'Structural Adjustment Programmes?
I. BIS (Bank for International Settlements)
II. WBG (Word Bank Group)
III. OECD (Organization of Economic Cooperation and Development)
IV. IMF (International Monetary Fund)
Select the correct answer using the code given below:
(a) I and II only
(b) II and III only
(c) II and IV only
(d) I and III only

Correct option is C

The correct answer is option (c) II and IV only

Structural Adjustment Programs (SAPs) are typically associated with the World Bank Group (WBG) and the International Monetary Fund (IMF). These programs are designed to help countries that are facing financial crises by implementing economic reforms such as reducing government spending, liberalizing trade, privatizing state-owned enterprises, and other policy changes aimed at improving economic stability and growth.

Information Booster:-

• The World Bank Group is one of the key institutions involved in Structural Adjustment Programs. It provides loans and grants to countries to implement economic reforms and development programs, including SAPs, especially in low-income countries.
  
• The IMF is another major institution that supports Structural Adjustment Programs. It provides financial assistance and policy advice to countries facing balance of payments problems, and these programs often include economic restructuring measures similar to those in SAPs.