The Enhanced Structural Adjustment Facility (ESAF) was a program of financial assistance given to poor countries from December 1987 through 1999 through the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

. It replaced the

Structural Adjustment Facility A structure is an arrangement and organization of interrelated elements in a material object or system, or the object or system so organized. Material structures include man-made objects such as buildings and machines and natural objects such as ...

(SAF) and was itself replaced by the

Poverty Reduction and Growth Facility The Poverty Reduction and Growth Facility (PRGF) is an arm of the International Monetary Fund which lends to the world's poorest countries. It was created on September 16, 1999, replacing the Enhanced Structural Adjustment Facility The Enhanced Str ...

(PRGF). During the program's tenure, approximately 10.1 billion dollars were disbursed, through low interest (.5 % annual) loans payable after 5½ years, and due in 10 years.

References

IMF Page on the ESAF
{{DEFAULTSORT:Enhanced Structural Adjustment Facility International development programs International finance institutions International Monetary Fund