The goal of Poverty Reduction Support Credits (PRSCs), introduced in early 2001 under World Bank Interim guidelines, was to help countries implement comprehensive, country-owned development strategies...
This study explores public finance policies in the transition countries of Europe and Central Asia (ECA) and their likely effects on economic growth. The analysis is organized in three parts. Part one...
There is no room for complacency, however. Corruption is not falling in all countries or all sectors, and even the most successful reformers still tend to have higher levels of firm-level corruption than...
The report examines how courts have performed, and reveals their impact on public opinion and the business environment. It provides insight into linkages among reforms as well as linkages between reforms...
Infrastructure is once again part of the World Bank's mainstream business - interview with World Bank Executive Director Carole Brookins. World Bank study reveals tainted links between the state and businesses...
Controlling corruption is an essential part of good governance, and poverty reduction, and it poses an enormous challenge for governments around the world. This report analyzes patterns, and trends in...
Борьба с коррупцией составляет существенный элемент надлежащего управления и сокращения бедности и представляет грандиозную проблему для правительств по всему миру. В настоящем докладе анализируются характер...
The report presents selected papers, and transcripts of key proceedings from a World Bank Seminar on Evaluation Capacity Development, and its main focus is on national experiences in developing evaluation...
This public sector note analyzes the issue of the growing recognition and discussion of corruption, and in turn facilitates addressing its costs and causes. Through the examination of corruption causes...
Using a large sample of data on mid-sized firms in the Czech Republic, Hungary, and Poland, the authors compare the performance of privatized and state firms in the environment of the postcommunist transition...
Poland's Enterprise and Bank Restructuring Program, adopted by Parliament in 1993, provided for the resolution of problem loans through workouts, liquidation, or loan sales. In this report, the authors...
Since 1992, Poland has been considered a model of commercial banking reform among transition economies. Its Enterprise and Bank Restructuring Program (EBRP) tried to force state-owned commercial banks...
How to catch up with the industrial world - achieving rapid growth in Europe's transition economies (Jeffrey D. Sachs and Andrew M. Warner). How democracy fosters growth: a new empirical approach (Jose...
Some lessons from the East Asian Miracle, by Joseph E. Stiglitz. In search of owners: privatization and corporate governance in transition economies, by Cheryl W. Gray. How well can method substitute for...
Experiments in privatizing enterprises in transition economies abound, from extensive efforts at sales to strategic owners (as in Estonia and Hungary), to programs based primarily on insider buyouts (as...
The author reviews the goals of privatization and evaluates various methods used to achieve them in different transition settings. The task is not only to change ownership but to create corporate governance...
Implementing decentralized legal frameworks requires reasonable laws, adequate institutions, and market-oriented incentives. All three must exist together. In transition economies, not only must new laws...
Hungary adopted a tough new bankruptcy law in late 1991 that took effect on January 1, 1992. It required managers of firms with arrears over 90 days to any creditor to file for either reorganization or...
The legal framework in a market economy has at a minimum four basic economic functions: to define the universe of property rights in the system; to set a framework for exchanging those rights; to set the...