Enhanced Structural Adjustment Facility

The ESAF is a system by which the International Monetary Fund loans
concessional resources to assist poor countries. These countries have
extended balance of payments deficits and pursue an orderly plans for
correcting the deficits and promoting medium-term economic structural
adjustment and macroeconomic programs. While similar to the Structural
Adjustment Facility (SAF), ESAF has triple the resources available for
supporting structural adjustment and monitors performance more closely.
Both facilities use the Policy Framework Paper as a means for attracting
additional support structural adjustment. SAF was established in March
1986, ESAF in December 1987; both facilities require repayments to be made
in 5« to 10 years. More than 60 countries are eligible for assistance
under these facilities.