How do debt repayment and structural adjustment terms hamper economic development?

Debt repayment and structural adjustment terms often impose stringent fiscal policies that can restrict government spending on essential services like health and education, hindering human capital development. These conditions may force countries to prioritize debt servicing over investment in infrastructure and social programs, stifling long-term growth. Furthermore, the focus on austerity measures can lead to social unrest and reduced public support for necessary reforms, ultimately undermining economic stability and development.