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

F. Rozwadowski, Siddharth Tiwari, David Robinson and Susan Schadler

No 1993/007, IMF Occasional Papers from International Monetary Fund

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.

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 (search for similar items in EconPapers)
Pages: 54
Date: 1993-06-16
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