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CHAPTER 5 Economic Growth: What Has Been Achieved and How? »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
The promotion of sustainable economic growth is one of the principal objectives of ESAF-supported programs. This chapter examines the pattern of growth in ESAF countries over the past 10–15 years, drawing co...
CHAPTER 6 Inflation: The Case for a More Resolute Approach »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
This chapter begins with a review of inflation performance and arrives at a mixed assessment: the record on ending high inflation is satisfactory, but the record on achieving low (single-digit) inflation is...
CHAPTER 2 Methodological Issues »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
The extent of progress with respect to the objectives of the ESAF can be assessed from a variety of perspectives. The most commonly used in evaluations of adjustment programs are:...
CHAPTER 8 Moving Ahead with Structural Reform »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
Large, inefficient public enterprise sectors and distressed banking systems existed in virtually all of the 36 ESAF countries covered by this review and weighed heavily on the finances of the budget and priv...
CHAPTER 1 Overview »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
In the aftermath of the debt crisis of the early 1980s, many of the IMF’s poorest member countries embarked on far-reaching programs of adjustment and economic reform. The severity and structural nature of t...
CHAPTER 7 Progress Toward External Viability »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
Progress toward external viability is a central objective in ESAF-supported programs. To this end, the programs emphasize macroeconomic policies and structural reforms that are designed to strengthen externa...
CHAPTER 9 The Causes of Program Interruptions »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
Adjustment programs are seldom implemented exactly as planned. Slippages, delays, midcourse corrections, and, occasionally, missed targets are in the nature of ambitious reform. Nevertheless, a track record...
CHAPTER 4 The Policy Record »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
This chapter examines developments in the macroeconomic and structural policies of the ESAF countries during the period under review and takes stock of the progress achieved toward greater macroeconomic stab...
CHAPTER 3 The Setting for Adjustment and Reform »
Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
The countries under review were among the world’s poorest, with annual per capita GNP averaging about US$400 in the early 1980s (compared with over $1,800 for other developing countries). This gap in income...
Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers) »
Series: Books
Author(s): Susan Schadler , and Hugh Bredenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
DOI: http://dx.doi.org/10.5089/9781557757159.071
ISBN: 9781557757159
Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector
The Enhanced Structural Adjustment Facility (ESAF) is the cenerpiece of the International Monetary Fund's strategy to provide assistance on concessional terms to low-income member countries that are undertaking imp...