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Enhanced Structural Adjustment Facility

   Also found in: Acronyms, Wikipedia 0.01 sec.
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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In this paper, four types of IMF programmes are evaluated, because they have constituted a substantial portion of the IMF's lending to its developing members: standby arrangements, extended fund facility (EFF), structural adjustment facility (SAF), and enhanced structural adjustment facility (ESAF).
In addition, a Structural Adjustment Facility was created which in 1987 was incorporated into the Enhanced Structural Adjustment Facility.
The plan is a requirement for continued funding for Honduras under the IMF's old Enhanced Structural Adjustment Facility (ESAF), which runs through March 2002.
 
 
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