Enhanced Structural Adjustment Facility

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Enhanced Structural Adjustment Facility

Loans formerly made by the IMF to developing countries to finance projects, such as infrastructure, that will promote economic growth in the long term. Loans were made at 0.5% interest and repayment was deferred for five and a half years. They came due in 10 years. These loans were issued from 1987 to 1999.
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22 /PRNewswire/ -- Since the late 1980s, the International Monetary Fund (IMF) has offered concessional credits to low-income member countries through its structural adjustment (SAF) and enhanced structural adjustment facilities (ESAF), disbursing special drawing rights (SDR) 3.

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