Occasional Papers

Economic Adjustment in Low-Income Countries: Experience Under the Enhanced Structural Adjustment Facility

By F. Rozwadowski, Siddharth Tiwari, David Robinson, Susan M Schadler

June 16, 1993

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F. Rozwadowski, Siddharth Tiwari, David Robinson, and Susan M Schadler. Economic Adjustment in Low-Income Countries: Experience Under the Enhanced Structural Adjustment Facility, (USA: International Monetary Fund, 1993) accessed April 22, 2025, https://doi.org/10.5089/9781557753366.084

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Summary

This paper evaluates progress made under ESAF-supported programs in attaining external viability, restoring economic growth, and implementing structural reforms. Performance is evaluated for 19 countries that entered ESAF arrangements by mid-1992, against the background of their initial conditions, external environment, and implementation of structural and macroeconomic policies.

Subject: Balance of payments, Current account, Debt burden, Debt service ratios, Economic sectors, Exports, External debt, Foreign exchange, International trade, Public enterprises, Public sector

Keywords: Africa, Caribbean, Current account, Debt burden, Debt service ratios, Eastern Europe, ESAF, ESAF arrangement, ESAF country, ESAF period, ESAF program, ESAF-supported program, Exports, OP, Public enterprises, Public sector, Southern Africa, Sub-Saharan Africa, Terms of trade, West Africa

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