ETRDV Structural Adjustment Facility Files

59175

1984-1989

series

textual records

11 linear feet of textual records.

English

External financing, ESAF arrangement reviews, SAF negotiations missions, Structural adjustment arrangements, Structural Adjustment Facility, Exchange rates, Stand-By Arrangements, Use of Fund resources, Extended Fund Facility, External debt, Bangladesh, Bolivia, Burundi, Central African Republic, Chad, Dominica, Equatorial Guinea, Republic of, The Gambia, Guinea, Guinea-Bissau, Guyana, Haiti, Kenya, Lesotho, Kingdom of, Madagascar, Republic of, Malawi, Mali, Mauritania, Islamic Republic of, Mozambique, Republic of, Nepal, Niger, Pakistan, São Tomé and Príncipe, Democratic Republic of, Senegal, Sierra Leone, Somalia, Sri Lanka, Sudan, , Togo, Uganda, Vietnam, Zambia

Series is open according to the Archives Access Policy. Files will be screened by reference staff for any time restrictions.

Series consists of the Structural Adjustments Facility files of the Development Finance Division (ETRDV), later renamed the Development Issues Division, and is arranged alphabetically by country. Through the Structural Adjustment Facility (SAF) and later Enhanced Structural Adjustment Facility (ESAF), the IMF has provided eligible countries with concessional financing in an attempt to alleviate balance of payments difficulties. The SAF which replaced the Trust Fund in March 1986 provided balance of payments assistance in the form of loans to eligible members that presents medium-term macroeconomic and structural adjustment programs intended to overcome protracted balance of payments problems and foster growth. Member countries who were eligible for the facility were required to develop a policy framework describing their medium-term objectives and main outlines of the policies to be followed in pursuing their objectives. The Enhanced Structural Adjustment Facility (ESAF) replaced the SAF in December 1987. Later in December 1993, the ESAF was enlarged and extended. In September 1996, the ESAF was made a permanent facility, and the centerpiece of the IMF's strategy to help low-income countries., ETRDV worked collaboratively with area departments and World Bank officials in reviewing briefing papers, policy framework papers and back-to-office reports regarding SAF review missions through comments and suggestions on requests for annual arrangements under SAF., The records, which document the phases of SAF and later ESAF in member countries, consist primarily of correspondence between ETRDV economists, the Division Chief and Senior Advisors of the Immediate Office who were assigned responsibility for specific member countries; Board documents; cable telexes; press releases and circulars. Most of the correspondence are copies, however, there are a few original correspondence interspersed throughout. The records reflect the work of the Division with regard to the IMF's concessional financing to eligible countries and provide an analysis of the developments in the use of Fund resources through SAF/ESAF in member countries.