Economic Adjustment in Low-Income Countries

Experience Under the Enhanced Structural Adjustment Facility

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.
Publication date: June 1993
ISBN: 9781557753366
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Banks and Banking , Economics- Macroeconomics , Public Finance , current account , export prices , export volume , external debt , terms of trade

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