News Brief: IMF Executive Board Reaches Consensus on Permanent ESAF and Debt Initiative
September 18, 1996
IMF Executive Board Reaches Consensus on Permanent ESAF and Debt Initiative
Michel Camdessus, Managing Director of the International Monetary Fund (IMF),
said today following a meeting of the IMF's Executive Board: "I am very pleased to
announce that the Executive Board has reached understandings to ensure a
permanent continuation of the enhanced structural adjustment facility (ESAF)--the
IMF's concessional lending window for low-income members--and allows the IMF to
participate in the joint IMF/World Bank initiative for the highly indebted poor
countries (HIPCs). With these understandings, we can now indicate to the Interim
and Development Committees that the IMF is fully ready to assist its low-income
members well into the next millennium. I warmly welcome the cooperative spirit in
the Executive Board that made these understandings possible."
IMF EXTERNAL RELATIONS DEPARTMENT
| Public Affairs | Media Relations | |||
|---|---|---|---|---|
| E-mail: | publicaffairs@imf.org | E-mail: | media@imf.org | |
| Fax: | 202-623-6278 | Phone: | 202-623-7100 | |