Enhanced Structural Adjustment Facility

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Enhanced Structural Adjustment Facility (ESAF) was a International Monetary Fund program of financial assistance for poor countries from December 1987 through 1999. It replaced the Structural Adjustment Facility (SAF) and was itself replaced by the Poverty Reduction and Growth Facility (PRGF). As a condition of financial assistance, countries were required to implement neoliberal structural adjustment programs.

By 1993, 29 countries had undergone several ESAF programs.[1] The following nations had undergone more than one each:

Asia:

  • Bangladesh (3 ESAFs, plus 3 SAFs)

Latin America:

  • Bolivia (4 ESAFs, plus 1 SAF)
  • Guyana (3 ESAFs)

Africa:

  • Burundi (2 ESAFs, plus 3 SAFs)
  • The Gambia (3 ESAFs, plus 2 SAFs)
  • Ghana (3 ESAFs, plus 1 SAF)
  • Kenya (3 ESAFs, plus 1 SAF)
  • Lesotho (2 ESAFs, plus 3 SAFs)
  • Madagascar (2 ESAFs, plus 1 SAF)
  • Malawi (4 ESAFs)
  • Mauritania (1 ESAF [extended], plus 2 SAFs)
  • Mozambique (3 ESAFs, plus 3 SAFs)
  • Niger (2 ESAFs, plus 2 SAFs)
  • Senegal (3 ESAFs, plus 2 SAFs)
  • Sri Lanka (2 ESAFs, plus 3 SAFs)
  • Tanzania (2 ESAFs, plus 3 SAFs)
  • Togo (3 ESAFs, plus 1 SAF)
  • Uganda (4 ESAFs, plus 2 SAFs)

Structural Adjustment Loans

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References

  1. "ESAF: No Solution to Multilateral Debt," Halifax Project, Accessed May 14, 2012.

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