The ESAF at Ten Years: Economic Adjustment and Reform in Low-Income Countries
Occasional Papers, February 12, 1998
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Bibliographic details
- Published: February 12, 1998
- Series: Occasional Papers
- DOI: https://doi.org/10.5089/9781557756930.084
Background and scope
- For over 10 years, the IMF supported adjustment and reform programs in many of its low-income members through two facilities: 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.
- The study summarizes the findings of a review of the experience under these programs and of economic developments in the countries that undertook them.
Major substantive themes and analytical focus
- Economic sectors
- Exports
- External debt
- Government debt management
- Inflation
- International trade
- Macrostructural analysis
- Prices
- Public enterprises
- Structural reforms
Geographic and topical coverage (keywords)
- Africa
- Asia and Pacific
- Baltics
- West Africa
- Western Hemisphere
- Country-level analysis of ESAF arrangements, ESAF-supported programs, and ESAF users