The IMF's Enhanced Structural Adjustment Facility (ESAF): Is It Working? The 1980s and early 1990s were an exceptionally difficult period for low-income developing countries, particularly in Africa.

In September 1999, the IMF embraced a new anti-poverty focus for its work in low-income countries. As part of this move, the IMF terminated its Enhanced Structural Adjustment Facility (ESAF) and ...