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

Author

Listed:
  • Mr. F. Rozwadowski
  • Mr. Siddharth Tiwari
  • Mr. David Robinson
  • Ms. Susan M Schadler

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.

Suggested Citation

  • Mr. F. Rozwadowski & Mr. Siddharth Tiwari & Mr. David Robinson & Ms. Susan M Schadler, 1993. "Economic Adjustment in Low-Income Countries: Experience Under the Enhanced Structural Adjustment Facility," IMF Occasional Papers 1993/007, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1993/007
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    Citations

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    Cited by:

    1. Xavier Serra Stecher, 2018. "The IMF’s concessional lending policy: situation and outlook," Economic Bulletin, Banco de España, issue JUN.
    2. Bird, Graham, 2001. "IMF Programs: Do They Work? Can They be Made to Work Better?," World Development, Elsevier, vol. 29(11), pages 1849-1865, November.
    3. Eric Berr & François Combarnous & Eric Rougier, 2005. "Too much consensus could be harmful : measuring the degree of implementation of the Washington consensus and its impact on economic growth," Documents de travail 116, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    4. Dreher, Axel, 2006. "IMF and economic growth: The effects of programs, loans, and compliance with conditionality," World Development, Elsevier, vol. 34(5), pages 769-788, May.
    5. Mr. Saleh M. Nsouli & Mr. Ruben V Atoyan & Mr. Alex Mourmouras, 2004. "Institutions, Program Implementation, and Macroeconomic Performance," IMF Working Papers 2004/184, International Monetary Fund.
    6. Fasano-Filho, Ugo, 1996. "Economic policy making in sub-Saharan Africa and IMF involvement," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(Supplemen), pages 115-151.
    7. Fingerand, K. Michael & Schuknecht, Ludger, 1999. "Trade, finance and financial crises," WTO Special Studies, World Trade Organization (WTO), Economic Research and Statistics Division, volume 3, number 3.
    8. Mr. Jiro Honda, 2008. "Do IMF Programs Improve Economic Governance?," IMF Working Papers 2008/114, International Monetary Fund.

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