By Romania) Regional Conference for South East Europe 2001 (Bucharest, International Monetary Fund, World Bank, Dimitri G. Demekas, World Bank International Monetary Fund
A copublication of the realm financial institution and the overseas financial Fund; ahead of the eruption of the Kosovo clash within the spring of 1999, the nations of South jap Europe - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Romania, and FR Yugoslavia - have been lagging in the back of these of relevant Europe and the Baltics from an financial and governance point of view. even though brief lived, the difficulty threatened all international locations within the zone and therefore, it grew to become a defining second for them. The process built via the interrational group based on the crises, used to be a completely built-in one, which integrated reconstruction and monetary prosperity for the whole area. This paper records the growth made by way of the sector when it comes to monetary progress and executive reform. It recognizes the optimistic influence of the donor neighborhood upon this development and issues out that ongoing development will depend on powerful governance and coverage improvement from the specialists within the area. this is often severe to bringing inner most funding into the area.
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Additional info for Building peace in South East Europe: macroeconomic policies and structural reforms since the Kosovo conflict
Sample text
8 ... ... 0 I/ CEEC-8 are: Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovenia and the Slovak Republic 21 General government budget balances, where available. 31 Includes State and entity budgets. 41 Consolidated general government accounts are unavailable prior to 2000. 3 - 31 Table 4. 9 liExports plus imports (including services) scaled by GDP Source: IMF, National Authorities, and DOTS database - - 32 Table 5. 7 billion i s in arrears) which i s in the process o f being consolidated.
Securities laws and regulations approaching IOSCO standards; substantial market liquidity 4 and capitalization; well-functioning non-bank financial institutions and effective regulation. 4+ Standards and performance norm o f advanced industrial economies: full convergence o f securities laws and regulations with IOSCO standards; fully developed non-bank intermediation. - 30 Table 3. South Eastem Europe: Main Macroeconomic Indicators 1997 1998 1999 2000 2001 Proj. 0 4. 5 ... 9 3,4 4. 1 ... 4 ...
Private sector share in GDP The private sector share o f GDP represent rough EBRD estimates, based o n available statistics from both official (government) sources and unofficial sources. The underlying concept o f private sector value added includes income generated by the activity o f private registered companies as w e l l as by private entities engaged in informal activity in those cases where data are reliable. Large-scale privatization 1 Little private ownership. 2 Comprehensive scheme almost ready for implementation; some sales completed.