Assisting Russia's Transition : An Unprecedented Challenge

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dc.creatorZanini, Gianni
dc.date2013-06-17T20:01:41Z
dc.date2013-06-17T20:01:41Z
dc.date2003
dc.date.accessioned2026-07-01T01:24:50Z
dc.descriptionThe 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.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2003/01/2130184/assisting-russias-transition-unprecedented-challenge
dc.identifier0-8213-5382-9
dc.identifierhttps://hdl.handle.net/10986/13981
dc.identifierhttps://doi.org/10.1596/0-8213-5382-9
dc.identifier.urihttp://hdl.handle.net/123456789/417865
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTABILITY
dc.subjectADJUSTMENT LOANS
dc.subjectAGRICULTURE
dc.subjectANALYTICAL WORK
dc.subjectBANK LENDING
dc.subjectBANK MANAGEMENT
dc.subjectBANK PERFORMANCE
dc.subjectBANKING SECTOR
dc.subjectBORROWER
dc.subjectBROAD CONSENSUS
dc.subjectBUILDING OWNERSHIP
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCIVIL SOCIETY
dc.subjectCOMMITMENT
dc.subjectCOMMITMENTS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSENSUS
dc.subjectCOST EFFECTIVENESS
dc.subjectCOUNTRY OWNERSHIP
dc.subjectDEBT
dc.subjectDECENTRALIZATION
dc.subjectDEVALUATION
dc.subjectDEVELOPMENT GOALS
dc.subjectDISBURSEMENTS
dc.subjectECO
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC STRUCTURE
dc.subjectEQUITY INVESTMENTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL YEAR
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectGOVERNMENT OFFICIALS
dc.subjectHUMAN DEVELOPMENT
dc.subjectINFLATION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL REFORM
dc.subjectLEGISLATION
dc.subjectLENDING PROGRAM
dc.subjectLOAN
dc.subjectLOCAL GOVERNMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ECONOMY
dc.subjectMULTILATERAL INVESTMENT GUARANTEE AGENCY
dc.subjectPOLICY DIALOGUE
dc.subjectPOLITICAL RISK
dc.subjectPRIVATIZATION
dc.subjectPUBLIC INSTITUTIONS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectREHABILITATION
dc.subjectREPRESENTATIVES
dc.subjectSAL
dc.subjectSECTORAL COMPOSITION
dc.subjectSHAREHOLDERS
dc.subjectSMALL LOANS
dc.subjectSOCIAL PERFORMANCE
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL PROTECTION MECHANISMS
dc.subjectSOCIAL SERVICES
dc.subjectSTATE ENTERPRISES
dc.subjectSTATE INSTITUTIONS
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectSTRUCTURAL ADJUSTMENT LOANS
dc.subjectSTRUCTURAL REFORM
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUBSIDIARY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSITION PROCESS
dc.titleAssisting Russia's Transition : An Unprecedented Challenge

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