Front Matter

Front Matter

F. Rozwadowski, Siddharth Tiwari, David Robinson, and Susan Schadler
Published Date:
June 1993
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    Economic Adjustment in Low-Income Countries Experience Under the Enhanced Structural Adjustment Facility

    Susan Schadler, Franek Rozwadowski, Siddharth Tiwari, and David O. Robinson


    Washington, D.C.

    September 1993

    © 1993 International Monetary Fund

    Cataloging-in-Publication Data

    Economic adjustment in low-income countries : experience under the Enhanced Structural Adjustment Facility / Susan Schadler … [et al.].

    — Washington, D.C. : International Monetary Fund, [1993]

    p. ; cm. — (Occasional paper ; ISSN 0251-6365; 106)

    ISBN 1-55775-336-9

    1. Structural adjustment (Economic policy) — Developing countries. 2. Loans, Foreign — Developing countries. 3. International Monetary Fund — Developing countries. 4. Sustainable development — Developing countries. I. Schadler, Susan. II. International Monetary Fund. III. Series : Occasional paper (International Monetary Fund) ; no. 106.

    HC59.7.E253 1993

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    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;
    • — to indicate that the figure is zero or less than half the digit shown, or that the item does not exist;
    • – between years or months (e.g., 1991–92 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
    • / between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.


    This paper is based on a study that was conducted in late 1992 as part of the IMF’s ongoing process of reviewing its lending facilities. It reflects information available at the end of 1992. The authors are indebted to numerous members of Fund area departments for detailed comments on the paper, to Kirsten Fitchett for research assistance, and to Olivia Carolin and Anna Vahdati for secretarial assistance. They wish to thank J. R. Morrison of the External Relations Department, who edited the manuscript and coordinated its publication.

    The opinions expressed in the paper are those of the authors and do not necessarily reflect the views of the IMF or of its Executive Directors.

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