Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth

The study focuses on the renewed transition to democracy, and a market economy in the Federal Republic of Yugoslavia (FRY), within the context of extremely difficult economic, and social conditions: poor macroeconomic outcomes, with sharp drops in...

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Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	DEBT RESTRUCTURING DEMOCRACY INFLATION MACROECONOMIC STABILITY MARKET ECONOMY POVERTY SOCIAL WELL-BEING
Online Access:	http://documents.worldbank.org/curated/en/2001/07/1490069/yugoslavia-federal-republic-breaking-past-path-stability-growth http://hdl.handle.net/10986/15720

id	okr-10986-15720
recordtype	oai_dc
spelling	okr-10986-157202021-04-23T14:03:13Z Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth World Bank DEBT RESTRUCTURING DEMOCRACY INFLATION MACROECONOMIC STABILITY MARKET ECONOMY POVERTY SOCIAL WELL-BEING The study focuses on the renewed transition to democracy, and a market economy in the Federal Republic of Yugoslavia (FRY), within the context of extremely difficult economic, and social conditions: poor macroeconomic outcomes, with sharp drops in output, and trade, and, very high inflation; severe enterprise, financial, and infrastructure deterioration; and, worsened social indicators, showing increased poverty levels. Although the Federal authorities implemented reforms in foreign trade policy, initiated customs administration reforms, and developed a plan for bank restructuring, these early successes were still on the path of difficult reforms, and institutional strengthening. The Federal, and Republican Governments, will require the adoption of transition reforms, and investment priorities to meet three inter-dependent challenges: restoring macroeconomic stability, and external balance; stimulating growth, and creating the basis for a sustainable supply response; and, improving the social well-being of the most vulnerable, and building human capacity. The successful implementation of the reform program, institutional strengthening, and investments, will further require donor support, external debt reduction, financial support, and technical assistance, to restore economic growth, through fiscal adjustment, and a comprehensive debt restructuring. The study provides financing estimates for the period 2001-05 for structural adjustment, fast disbursing balance of payments, and budgetary support. 2013-09-09T19:54:01Z 2013-09-09T19:54:01Z 2001-07-15 http://documents.worldbank.org/curated/en/2001/07/1490069/yugoslavia-federal-republic-breaking-past-path-stability-growth http://hdl.handle.net/10986/15720 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Europe and Central Asia Serbia
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	DEBT RESTRUCTURING DEMOCRACY INFLATION MACROECONOMIC STABILITY MARKET ECONOMY POVERTY SOCIAL WELL-BEING
spellingShingle	DEBT RESTRUCTURING DEMOCRACY INFLATION MACROECONOMIC STABILITY MARKET ECONOMY POVERTY SOCIAL WELL-BEING World Bank Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth
geographic_facet	Europe and Central Asia Serbia
description	The study focuses on the renewed transition to democracy, and a market economy in the Federal Republic of Yugoslavia (FRY), within the context of extremely difficult economic, and social conditions: poor macroeconomic outcomes, with sharp drops in output, and trade, and, very high inflation; severe enterprise, financial, and infrastructure deterioration; and, worsened social indicators, showing increased poverty levels. Although the Federal authorities implemented reforms in foreign trade policy, initiated customs administration reforms, and developed a plan for bank restructuring, these early successes were still on the path of difficult reforms, and institutional strengthening. The Federal, and Republican Governments, will require the adoption of transition reforms, and investment priorities to meet three inter-dependent challenges: restoring macroeconomic stability, and external balance; stimulating growth, and creating the basis for a sustainable supply response; and, improving the social well-being of the most vulnerable, and building human capacity. The successful implementation of the reform program, institutional strengthening, and investments, will further require donor support, external debt reduction, financial support, and technical assistance, to restore economic growth, through fiscal adjustment, and a comprehensive debt restructuring. The study provides financing estimates for the period 2001-05 for structural adjustment, fast disbursing balance of payments, and budgetary support.
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth
title_short	Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth
title_full	Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth
title_fullStr	Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth
title_full_unstemmed	Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth
title_sort	federal republic of yugoslavia - breaking with the past : the path to stability and growth
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2001/07/1490069/yugoslavia-federal-republic-breaking-past-path-stability-growth http://hdl.handle.net/10986/15720
_version_	1764426625107099648

Federal Republic of Yugoslavia - Breaking with the Past : The Path to Stability and Growth

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