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The ESAF at Ten Years

The ESAF at Ten Years PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557756930
Category : Business & Economics
Languages : en
Pages : 66

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Book Description
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.