On June 5 the IMF announced its approval of a loan equivalent to SDR3,020,000 (US$3,960,000) under the third annual arrangement under the structural adjustment facility.
The IMF was expected to signal its support for Tanzania's economic reforms by approving an enhanced structural adjustment facility early in 1991.
The ESAF replaced a structural adjustment facility which had originally been agreed in mid-June 1987 [see pp. 35495; 36420].
The International Monetary Fund (IMF) announced a loan of 50,800,000 special drawing rights (approximately US$63,900,000) under an enhanced structural adjustment facility on May 24, 1989.
In June 1990, a new IMF 'enhanced structural adjustment facility' was approved, accompanied by a major rescheduling of bilateral debts.
Structural adjustment facility This was established in March 1986 to provide balance of payments assistance to low-income developing countries.
I intend to ensure an even tighter focus on priorities in our financial cooperation in the future, particularly by concentrating on sectoral adjustment facilities.
A $3 billion fund called the structural adjustment facility already exists to help the poorest countries.
A further endorsement of the $6 billion increase in the structural adjustment facility is expected to emerge from a meeting of the I.M.F.'s policy-making interim committee on Sunday.
The money in the structural adjustment facility would be lent over 10 years at an interest rate of one-half of 1 percent.