News Brief

IMF Endorses Improvements to ESAF, Invites Comment on ESAF Report

The Executive Board of the International Monetary Fund (IMF) recently endorsed a number of important improvements to the IMF’s Enhanced Structural Adjustment Facility (ESAF) that drew on internal and outside reviews of the ESAF. The changes are outlined in "Distilling the Lessons from the ESAF Reviews", which, together with a summary of the Board’s July 8 discussion, is available on the IMF website (www.imf.org).

In their discussion, Executive Directors noted that dialogue with interested parties outside the IMF is part of a continuing effort to adapt the Fund's strategy for growth and adjustment, and have invited their views on "Distilling the Lessons from the ESAF Reviews". Comments may be sent by E-mail to ESAF@imf.org by September 4, 1998.

Print copies of "Distilling the Lessons from the ESAF Reviews" are available to journalists from the IMF’s Information Division (tel.: 202 623 7100; fax 202 623 6772), and to other members of public from the Public Affairs Division (tel.: 623 7300; fax 623 6278).