Explore topic-wise fullforms in Business

INFO: Full form for SAP is System Applications Products in Business category
SAP also has other full forms in other categories mentioned below.

INFO: Full form for SAP is Safety Awareness Program in Business category
SAP also has other full forms in other categories mentioned below.

Structural adjustment programs (SAPs) consist of loans (structural adjustment loans; SALs) provided by the International Monetary Fund (IMF) and the World Bank (WB) to countries that experience economic crises. Their purpose is to adjust the country's economic structure, improve international competitiveness, and restore its balance of payments.

The IMF and World Bank (two Bretton Woods institutions) require borrowing countries to implement certain policies in order to obtain new loans (or to lower interest rates on existing ones). These policies are typically centered around increased privatization, liberalizing trade and foreign investment, and balancing government deficit. The conditionality clauses attached to the loans have been criticized because of their effects on the social sector.

SAPs are created with the stated goal of reducing the borrowing country's fiscal imbalances in the short and medium term or in order to adjust the economy to long-term growth. By requiring the implementation of free market programmes and policy, SAPs are supposedly intended to balance the government's budget, reduce inflation and stimulate economic growth. The liberalization of trade, privatization, and the reduction of barriers to foreign capital would allow for increased investment, production, and trade, boosting the recipient country's economy. Countries that fail to enact these programmes may be subject to severe fiscal discipline. Critics argue that the financial threats to poor countries amount to blackmail, and that poor nations have no choice but to comply.

Since the late 1990s, some proponents of structural adjustments (also called structural reform), such as the World Bank, have spoken of "poverty reduction" as a goal. SAPs were often criticized for implementing generic free-market policy and for their lack of involvement from the borrowing country. To increase the borrowing country's involvement, developing countries are now encouraged to draw up Poverty Reduction Strategy Papers (PRSPs), which essentially take the place of SAPs. Some believe that the increase of the local government's participation in creating the policy will lead to greater ownership of the loan programs and thus better fiscal policy. The content of PRSPs has turned out to be similar to the original content of bank-authored SAPs. Critics argue that the similarities show that the banks and the countries that fund them are still overly involved in the policy-making process. Within the IMF, the Enhanced Structural Adjustment Facility was succeeded by the Poverty Reduction and Growth Facility, which is in turn succeeded by the Extended Credit Facility.

INFO: Full form for SAP is System Applications and Products in Business category
SAP also has other full forms in other categories mentioned below.

INFO: Full form for SAP is Strategic Advantage Profile in Business category
SAP also has other full forms in other categories mentioned below.

INFO: Full form for GCC is GreenHaven Continuous Commodity Index Fund in Business category
GCC also has other full forms in other categories mentioned below.

INFO: Full form for GCC is Gift Creations Concepts in Business category
GCC also has other full forms in other categories mentioned below.

INFO: Full form for GCC is Globex Control Center in Business category
GCC also has other full forms in other categories mentioned below.

INFO: Full form for GCC is Golf Cart Catalog in Business category
GCC also has other full forms in other categories mentioned below.

INFO: Full form for GCC is Gulf Council Countries in Business category
GCC also has other full forms in other categories mentioned below.

INFO: Full form for GCC is Gulf Contracting Company in Business category
GCC also has other full forms in other categories mentioned below.

The Golden Coast Conference (GCC) is a collegiate athletic conference in the United States in which its members compete in the National Collegiate Athletic Association National Collegiate (D-NC) division. The conference sponsors one sport, water polo, and was founded in 2013 fielding women's teams. A men's division was added for Fall 2016.

INFO: Full form for GCC is Gifts Creations Catalog in Business category
GCC also has other full forms in other categories mentioned below.

INFO: Full form for GCC is Global Competence Certificate in Business category
GCC also has other full forms in other categories mentioned below.

General Cinema Corporation, also known as General Cinema, GCC, or General Cinema Theatres, was a chain of movie theaters in the United States. At its peak, the company operated approximately 621 screens, some of which were among the first cinemas certified by THX. The company operated for approximately 67 years, from 1935 until 2002.

INFO: Full form for GCC is General Credit Card in Business category
GCC also has other full forms in other categories mentioned below.