The transition to markets dominates the development Privatization policies, in particular in housing and agenda of the 1990s. Financial sector reforms are central real estate. to a successful transition to a market economy. Renaud The strategies adopted whether by design or by focuses on one dimen[r]
and industrial firms. The private savings depositedin the commercial banks were usually short termdeposits to meet daily needs.2. There was great incentive for industrial firmsto borrow since the inflation rate was alwaysconsiderably higher than the interest rate paid onloans; that is, I &[r]
Collapsing mineral prices and a steep drop in external demand due to the global downturn of 2008 and 2009 were the external shocks which were transmitted to Mongolia’s economy. This shock exposed underlying weaknesses in the economic structure and policy environment. For example, entering the crisis[r]
Force (FATF) standards on AML/CFT has led many countries to overregulatecertain financial services and products that may not pose high money laundering/financing of terrorism (ML/FT) risk. At the same time, many countries have notintroduced a risk-based approach (RBA) to AML/CFT requirements,[r]
This chapter explores linkages between finance, risk management, procurement, and project design. The chapter presents a menu of potential mechanisms available to governments in support of PPP projects. Since needs vary among countries and sectors, solutions must be tailored to individual conditions[r]
A KEY AND ALMOST AXIOMATIC belief in our work on creating access to financial services is that almost all regions of India possess a set of economically viable occupations(such as buffalo rearing,running a rural provision store, fruit and vegetable vending and engaging in simple home based craft) th[r]
The experience of countries in transition from a planned to a market oriented economy has varied greatly. The clearest differences are between the East Asian countries, China and Vietnam, and the countries of the Central and Eastern Europe (CEE) and the former Soviet Union (FSU). China and Vietnam h[r]
response of real output while decreasing the response of inflation to government stimulus.Taxes and transfers affect the economy through two channels. First, if taxes are distortionary,tax cuts can stimulate output while limiting the increase in inflation. This is, however, of muchless quanti[r]
The success with which middle income indebted developing countries have gained access to private international finance in the 1990s is a tribute to their own domestic economic performance, international policy in dealing with the debt crisis of the 1980s, and innovations in international financial m[r]
The Certification Tool: A Quality Assurance Mechanism and a Potential Way to Improve Learning Over the last decade, many developing countries have embarked on large educational reforms aimed at rapidly expanding the supply of education, achieving equity in the provision of education, and significant[r]
The recent literature on law and finance has drawn attention to the importance of creditor rights in influencing the development of financial systems and in affecting firm corporate governance and financing patterns. Recent financial crises have also highlighted the importance of insolvency systems[r]
The link between infrastructure and economic growth is widely acknowledged—as is the infrastructure gap, which can act as a break on growth in emerging markets and developing economies (EMDEs). Since the global economic and financial crisis, the challenges of raising financing for infrastructure pro[r]
Rice production plays a particularly important role to the agricultural production of the country. It plays an important role to food security, income generation, job creation and foreign currencies gains for Viet Nam (Bernabe 2008). In 2007, rice area accounts for 45% of the area of total agricultu[r]
No thoughtful observer can fail to be struck by the size and potential welfare significance of the legal reforms and other institutional changes that are required to transform a control economy into a market economy. The stakes are particularly high when it is an economy in which the bulk of the pop[r]
Crossborder capital flows have been intensified last decades with the greater financial integration. After the global financial crisis in 2008 2009, emerging markets economies (EMEs) have (re)started to be a significant target of global capital flows . “Emergingmarket” assets and currencies bec[r]
Like many countries in SubSaharan Africa, Senegal has struggled to develop its industrial sector in the face of import competition. For basic food products, there is an implicit tradeoff between the objectives of maintaining employment and lowering the cost of living, both of which figure prominentl[r]
Complete the sentences with since or for.1.I came to this city six months ago. I am still here. I have been inthis city______________six months.2. Kim has been in this city____________________January.3. It's now two o'clock. Carmen has been in class_________oneo'clock.4. Carmen[r]