Assisting Russia's Transition : An Unprecedented Challenge
The Country Assistance Evaluation (CAE) for Russia, covering the period 1992-2001, showed disappointing, but improving results for the Bank's activities in the Russian Federation. Despite unsatisfactory ratings during 1992-98, with only modest...
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| Language: | English en_US |
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/01/2130184/assisting-russias-transition-unprecedented-challenge http://hdl.handle.net/10986/13981 |
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okr-10986-139812021-04-23T14:03:11Z Assisting Russia's Transition : An Unprecedented Challenge Zanini, Gianni ACCOUNTABILITY ADJUSTMENT LOANS AGRICULTURE ANALYTICAL WORK BANK LENDING BANK MANAGEMENT BANK PERFORMANCE BANKING SECTOR BORROWER BROAD CONSENSUS BUILDING OWNERSHIP BUSINESS ENVIRONMENT CIVIL SOCIETY COMMITMENT COMMITMENTS COMPARATIVE ADVANTAGE CONSENSUS COST EFFECTIVENESS COUNTRY OWNERSHIP DEBT DECENTRALIZATION DEVALUATION DEVELOPMENT GOALS DISBURSEMENTS ECO ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC STRUCTURE EQUITY INVESTMENTS EXTERNAL DEBT EXTERNAL SHOCKS FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SUPPORT FISCAL FISCAL MANAGEMENT FISCAL YEAR FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GOVERNMENT OFFICIALS HUMAN DEVELOPMENT INFLATION INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORM LEGISLATION LENDING PROGRAM LOAN LOCAL GOVERNMENT MACROECONOMIC STABILITY MARKET ECONOMY MULTILATERAL INVESTMENT GUARANTEE AGENCY POLICY DIALOGUE POLITICAL RISK PRIVATIZATION PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT REHABILITATION REPRESENTATIVES SAL SECTORAL COMPOSITION SHAREHOLDERS SMALL LOANS SOCIAL PERFORMANCE SOCIAL PROTECTION SOCIAL PROTECTION MECHANISMS SOCIAL SERVICES STATE ENTERPRISES STATE INSTITUTIONS STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT STRUCTURAL ADJUSTMENT LOANS STRUCTURAL REFORM STRUCTURAL REFORMS SUBSIDIARY TECHNICAL ASSISTANCE TRANSITION PROCESS The Country Assistance Evaluation (CAE) for Russia, covering the period 1992-2001, showed disappointing, but improving results for the Bank's activities in the Russian Federation. Despite unsatisfactory ratings during 1992-98, with only modest institutional development impacts, the Operations Evaluation Department (OED) rated the outcome satisfactory for the period 1998-01, and institutional development impacts as substantial. This paper reviews the decade of rapid political, and economic transformation, where obstacles to reform had to be surmounted, namely, state-owned institutions' need to focus on regulation and oversight; an economic structure more focused on comparative advantage; production and distribution systems' need to undergo organizational, and structural changes; while the newly created financial sector struggled through regulation, amidst a weak authority, and complex federal system. Yet, no major policy reversal occurred, and economic recovery is in place. The paper then examines from investment lending to the adjustment lending, with an improved portfolio performance as of 1999, where the question remains on the resilience of achievements to external shocks, particularly the drop of oil prices and other export commodities. Recommendations include assistance for reform, focused on further social consensus, with emphasis on public sector management, legal and judicial reform, investment and business climate, pension reform and labor market performance. 2013-06-17T20:01:41Z 2013-06-17T20:01:41Z 2003 http://documents.worldbank.org/curated/en/2003/01/2130184/assisting-russias-transition-unprecedented-challenge 0-8213-5382-9 http://hdl.handle.net/10986/13981 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Russian Federation |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ADJUSTMENT LOANS AGRICULTURE ANALYTICAL WORK BANK LENDING BANK MANAGEMENT BANK PERFORMANCE BANKING SECTOR BORROWER BROAD CONSENSUS BUILDING OWNERSHIP BUSINESS ENVIRONMENT CIVIL SOCIETY COMMITMENT COMMITMENTS COMPARATIVE ADVANTAGE CONSENSUS COST EFFECTIVENESS COUNTRY OWNERSHIP DEBT DECENTRALIZATION DEVALUATION DEVELOPMENT GOALS DISBURSEMENTS ECO ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC STRUCTURE EQUITY INVESTMENTS EXTERNAL DEBT EXTERNAL SHOCKS FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SUPPORT FISCAL FISCAL MANAGEMENT FISCAL YEAR FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GOVERNMENT OFFICIALS HUMAN DEVELOPMENT INFLATION INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORM LEGISLATION LENDING PROGRAM LOAN LOCAL GOVERNMENT MACROECONOMIC STABILITY MARKET ECONOMY MULTILATERAL INVESTMENT GUARANTEE AGENCY POLICY DIALOGUE POLITICAL RISK PRIVATIZATION PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT REHABILITATION REPRESENTATIVES SAL SECTORAL COMPOSITION SHAREHOLDERS SMALL LOANS SOCIAL PERFORMANCE SOCIAL PROTECTION SOCIAL PROTECTION MECHANISMS SOCIAL SERVICES STATE ENTERPRISES STATE INSTITUTIONS STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT STRUCTURAL ADJUSTMENT LOANS STRUCTURAL REFORM STRUCTURAL REFORMS SUBSIDIARY TECHNICAL ASSISTANCE TRANSITION PROCESS |
| spellingShingle |
ACCOUNTABILITY ADJUSTMENT LOANS AGRICULTURE ANALYTICAL WORK BANK LENDING BANK MANAGEMENT BANK PERFORMANCE BANKING SECTOR BORROWER BROAD CONSENSUS BUILDING OWNERSHIP BUSINESS ENVIRONMENT CIVIL SOCIETY COMMITMENT COMMITMENTS COMPARATIVE ADVANTAGE CONSENSUS COST EFFECTIVENESS COUNTRY OWNERSHIP DEBT DECENTRALIZATION DEVALUATION DEVELOPMENT GOALS DISBURSEMENTS ECO ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC STRUCTURE EQUITY INVESTMENTS EXTERNAL DEBT EXTERNAL SHOCKS FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SUPPORT FISCAL FISCAL MANAGEMENT FISCAL YEAR FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GOVERNMENT OFFICIALS HUMAN DEVELOPMENT INFLATION INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORM LEGISLATION LENDING PROGRAM LOAN LOCAL GOVERNMENT MACROECONOMIC STABILITY MARKET ECONOMY MULTILATERAL INVESTMENT GUARANTEE AGENCY POLICY DIALOGUE POLITICAL RISK PRIVATIZATION PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT REHABILITATION REPRESENTATIVES SAL SECTORAL COMPOSITION SHAREHOLDERS SMALL LOANS SOCIAL PERFORMANCE SOCIAL PROTECTION SOCIAL PROTECTION MECHANISMS SOCIAL SERVICES STATE ENTERPRISES STATE INSTITUTIONS STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT STRUCTURAL ADJUSTMENT LOANS STRUCTURAL REFORM STRUCTURAL REFORMS SUBSIDIARY TECHNICAL ASSISTANCE TRANSITION PROCESS Zanini, Gianni Assisting Russia's Transition : An Unprecedented Challenge |
| geographic_facet |
Europe and Central Asia Russian Federation |
| description |
The Country Assistance Evaluation (CAE)
for Russia, covering the period 1992-2001, showed
disappointing, but improving results for the Bank's
activities in the Russian Federation. Despite unsatisfactory
ratings during 1992-98, with only modest institutional
development impacts, the Operations Evaluation Department
(OED) rated the outcome satisfactory for the period 1998-01,
and institutional development impacts as substantial. This
paper reviews the decade of rapid political, and economic
transformation, where obstacles to reform had to be
surmounted, namely, state-owned institutions' need to
focus on regulation and oversight; an economic structure
more focused on comparative advantage; production and
distribution systems' need to undergo organizational,
and structural changes; while the newly created financial
sector struggled through regulation, amidst a weak
authority, and complex federal system. Yet, no major policy
reversal occurred, and economic recovery is in place. The
paper then examines from investment lending to the
adjustment lending, with an improved portfolio performance
as of 1999, where the question remains on the resilience of
achievements to external shocks, particularly the drop of
oil prices and other export commodities. Recommendations
include assistance for reform, focused on further social
consensus, with emphasis on public sector management, legal
and judicial reform, investment and business climate,
pension reform and labor market performance. |
| format |
Publications & Research :: Publication |
| author |
Zanini, Gianni |
| author_facet |
Zanini, Gianni |
| author_sort |
Zanini, Gianni |
| title |
Assisting Russia's Transition : An Unprecedented Challenge |
| title_short |
Assisting Russia's Transition : An Unprecedented Challenge |
| title_full |
Assisting Russia's Transition : An Unprecedented Challenge |
| title_fullStr |
Assisting Russia's Transition : An Unprecedented Challenge |
| title_full_unstemmed |
Assisting Russia's Transition : An Unprecedented Challenge |
| title_sort |
assisting russia's transition : an unprecedented challenge |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/01/2130184/assisting-russias-transition-unprecedented-challenge http://hdl.handle.net/10986/13981 |
| _version_ |
1764425222508773376 |