The ESAF at ten years: economic adjustment and reform in low - income countries - Washington: FMI, 1997 - 50 p. cuadros.

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Initial conditions and the setting for adjustment. Initial conditions. The adjustment strategy. The setting for adjustment. What has been achieved?. Macroeconomic stabilization. Structural reform. Openness. Economic growth. External viability. Lessons for program desingn. Growth - enhancinhg fiscal adjustament. More decisive disinflation. Advancing structural reforms. Sustaining programs.

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