The ESAF at Ten Years: Economic Adjustment and Reform in Low-Income Countries
February 12, 1998
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For over 10 years, the IMF has supported adjustment and reform programs in many of its low-income members through two facilities established specifically for that purpose - the Enhanced Structural Adjustment Facility (ESAF) and its precursor the Structural Adjustment Facility (SAF). By the end of 1994, 36 countries had availed themselves of these facilities, in support of 68 multi-year programs. This study summarizes the findings of a review of the experience under these programs and of economic developments in the countries that undertook them.
Subject: Economic sectors, Exports, External debt, Government debt management, Inflation, International trade, Macrostructural analysis, Prices, Public enterprises, Structural reforms
Keywords: Africa, Asia and Pacific, Baltics, country, ESAF, ESAF arrangement, ESAF country, ESAF support, ESAF user, ESAF-supported program, Exports, Inflation, OP, Public enterprises, Structural reforms, West Africa, Western Hemisphere
Pages:
57
Volume:
1998
DOI:
Issue:
004
Series:
Occasional Paper No. 1998/004
Stock No:
S156EA0000000
ISBN:
9781557756930
ISSN:
0251-6365
