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External Borrowing in the Baltics, Russia, and Other States of the Former Soviet Union - the Transition to a Market Economy: 98


External Borrowing in the Baltics, Russia, and Other States of the Former Soviet Union – the Transition to a Market Economy: 98



The external debt of many countries of the Baltics, Russia, and the former Soviet Union has been growing rapidly in recent years and has played an important part in the transition process. However, it is vital to strike a balance between financing transition and ensuring that the external debt is not used to finance wasteful expenditures or delay the transition process. This is especially importan…


Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97 (Occasional Paper)


Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97 (Occasional Paper)



This paper discusses the significant overall progress with macro stabilization of these transition countries during 1992-1997. While average inflation declined steadily since 1992, output fell significantly for many of these countries during this period, and it was not unti 1996-97 that as a group they experienced positive growth, financial policies, the current account, competitiveness, debt-and …


The West African Economic and Monetary Union: Recent Developments and Policy Issues (International Monetary Fund Occasional Paper)


The West African Economic and Monetary Union: Recent Developments and Policy Issues (International Monetary Fund Occasional Paper)



Following a serious deterioration of the competitive position of the WAEMU region in the 1980s and the eary 1990s, the countries took steps that have led to a significant turnaround in economic activity, a drop in inflation, and increases in output, exports and investment. This study describes policy issues that the region continues to face and suggests how the WAEMU countries can address them….