What development strategy/policy favoured by the IMF, World Bank, and the US compels developing countries to reform their economies along neo-liberal lines in order to compete in the global market?

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Structural adjustment programs are policies implemented by the International Monetary Fund (IMF) and the World Bank in developing countries. These policies are designed to encourage economic reform and liberalization, aiming to make economies more market-oriented and competitive on a global scale. This often involves reducing government spending, privatizing state-owned enterprises, liberalizing trade, and deregulating markets.

What Development Strategy/policy Favoured by the IMF, World Bank, and the US