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

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.

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Author: Mr. F. Rozwadowski, Mr. Siddharth Tiwari, Mr. David Robinson, and Ms. Susan M Schadler
Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
16 Jun 1993
DOI:
https://doi.org/10.5089/9781557753366.084
ISBN:
9781557753366
ISSN:
0251-6365
Pages:
54
Keywords:
OP; ESAF program; ESAF arrangement; ESAF period; ESAF; terms of trade; ESAF country; ESAF-supported program; Exports; Current account; Public enterprises; Debt service ratios; Sub-Saharan Africa; Eastern Europe; Southern Africa; West Africa; Africa; Public sector; Debt burden; Caribbean
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The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.