The World Bank changed structural adjustment loans after that.
He is also wrong in claiming that adjustment loans "raise civil service salaries" and "bail out floundering state-owned companies."
Structural adjustment loan (SAL) is a type of loan to developing countries.
The World Bank responded by speeding up the disbursement of existing project and adjustment loans.
The move away from project loans and towards structural adjustment loans in the 1980s does not diminish the main thrust of this argument.
The assessment of structural adjustment loans is even more problematic than the assessment of rural development projects.
The structural adjustment loan brings the bank's commitments to Poland in the last year to more than $1 billion.
In the last decade, about a quarter of the World Bank's loans have been adjustment loans.
In 1989 it received over US$700 million in the form of a structural adjustment loan and a trade reform loan.
This led the World Bank to break off the talks on a structural adjustment loan for the Slovak financial and business sector.