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.
References in periodicals archive ?
Enhanced Structural Adjustment Facility (ESAF) (Reactivation of 1997 programme over three year "1998-2000) of $637 million was sanctioned under this programme an amount of $53 million could be drawn before it was suspended after nuclear test in May 1998 and reactivated in January 1999 again suspended in September 1999.
Economic Adjustment in Low-Income Countries: Experience Under the Enhanced Structural Adjustment Facility.
Enhanced Structural Adjustment Facility (ESAF): ESAF was established in 1987, and extended in 1994.
Along with the news of HIPC eligibility, the IMF announced it had approved a second annual Enhanced Structural Adjustment Facility (ESAF), which carries fresh loans of US$46.
The steep depreciation of the Kenya shilling after the IMF's annulment of Enhanced Structural Adjustment Facility (ESAF) at the end of July serves as a lesson that emerging market currencies are vulnerable to both downside economic and political pressures.
Extended Fund Facility (EFF), Structural Adjustment Facility (SAF) and Enhanced Structural Adjustment facility (ESAF) have raised a big hue and cry and strong criticism in many countries of the developing world, because of destabilizing social and political implications.

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