Structural Adjustment Programmes (SAPs) are economic policies for developing countries that have been promoted by the World Bank and International Monetary Fund (IMF) since the early 1980s by the provision of loans conditional on the adoption of such policies. BSFF Buffer Stock Financing Facility (1969–2000) CCFF Compensatory and Contingency Financing Facility (1988–2000) CCL Contingent Credit Line (1999 –2003) CFF Compensatory Financing Facility (1963–88, 2000–09)

1. What is SAP?
(Structural Adjustment
Program)
Structural Adjustment Programmes (SAPs) are
economic policies for developing countries that have
been promoted by the World Bank and International
Monetary Fund (IMF) since the early 1980s by the
provision of loans conditional on the adoption of such
policies.
Source
(http://www.who.int/trade/glossary/story084/en/)

2. Why IMF established?
 The International Monetary Fund (IMF) is
aninternational organization headquartered
inWashington, D.C., in the United States "of
188 countries, working to foster global
monetary cooperation,
 secure financial stability,
 facilitate international trade,
 promote high employment and
 sustainable economic growth, and reduce
poverty
Source
(http://en.wikipedia.org/wiki/International_Monetary_Fund)

3. When IMF established?
 Formed in 1944 at the Bretton Woods
Conference, it came into formal
existence in 1945 with 29 member
countries and the goal of
reconstructing the international
payment system.

4. Type of financial facilities offered
by IMF
 BSFF Buffer Stock Financing Facility (1969–2000)
 CCFF Compensatory and Contingency Financing
Facility
 (1988–2000)
 CCL Contingent Credit Line (1999 –2003)
 CFF Compensatory Financing Facility (1963–88, 2000–
09)
 CSF Currency Stabilization Fund (1995–2000)
 EAR Enlarged Access to the Fund’s Resources (1981–
92)
 ECM External Contingency Mechanism (of the CCFF)
 (1988–2000)
 EFF Extended Fund Facility (1974–)
 EFM Emergency Financing Mechanism (1995–)
 EPCA Emergency Post-Conflict Assistance (1995–
2000)

5.  FSAP Financial Sector Assessment Program
(1999–)
 GRA General Resources Account
 PRGF Poverty Reduction and Growth Facility
(1999–)
 RAP Rights Accumulation Program (1990–)
 ROSC Report on Observance of Standards and
Codes (1999–)
 SAF Structural Adjustment Facility (1985–95)
 SBA stand-by arrangement
 SCA Special Contingent Account
 SDA Special Disbursement Account
 SRF Supplemental Reserve Facility (1997–2009)
 STF Systemic Transformation Facility (1993–95)

6. To be continued….