Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ENHANCED STRUCTURAL ADJUSTMENT FACILITY (ESAF) Definition & Legal Meaning

Definition & Citations:

Introduced as an improved version in 1987. International Monetary Fund (IMF) provides poorer countries concessional loans medium-term (5 to 10 years) for arranged payments balance adjustments. Some 65 countries are eligible for assistance under the ESAF. The improvement over 1986 is that now IMF has triple the resources and more closely monitors borrower performance. It follows the same policy framework paper as the original structural adjustment facility (SAF) introduced in 1986.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.