Occasional Papers

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

Author/Editor:

F. Rozwadowski ; Siddharth Tiwari ; David Robinson ; Susan M Schadler

Publication Date:

June 16, 1993

Summary:

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.

Series:

Occasional Paper No. 1993/007

Subject:

Balance of payments Current account Debt burden Debt service ratios Economic sectors Exports External debt Foreign exchange International trade Public enterprises Public sector