Related items
Showing items related by title, author, creator and subject.
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Indonesia : Private Sector Development StrategyThe report reviews the Bank's private sector development strategy in Indonesia, stipulating that the country's potential will not be realized without a pattern of private sector activity, - different from the past - but, taking the opportunity offered by the crisis to make fundamental changes in the business environment, and in how business is conducted. The first priority calls for the banking, and corporate sectors to speed up the resolution of corporate debt, and ease financial flows for investment, and working capital to resume. Second, the structural inefficiencies, partly conducive to the crisis, and to its long lasting effect, need to be overcome; therefore, reforms should enable Indonesia to become a modern market economy, able to avoid future crises. This encompasses fighting corruption in the public administration, ensuring the rule of law through the court system, reinforcing property rights, and dispute resolution mechanisms, and, ensuring transparency and corporate governance. Third, broad-based, and sustainable economic growth need to be ensured by measures such as removal of obstacles to small, and medium enterprise (SME) activity, as well as SME development promotion, including physical, and social infrastructure building. Finally, the creation of an infrastructure, and regulatory framework to take full advantage of new information/communications technologies, is paramount.
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Lithuania : Banking System AssessmentThe Bank of Lithuania (BoL), the Central
 Bank, was established in 1990. BoL has the exclusive right
 to grant and revoke licenses to local and foreign banks and
 to supervise their activities. Private commercial banking
 boomed from 1991 to 1994 while bank regulation was lax. In
 late 1995, a bank crisis caused failures of most of the
 Lithuanian banks, and the remaining banks resulted in better
 managed and supervised institutions. BoL also applied
 tougher regulation on the banking sector. All commercial
 banks now need to have their financial records audited every
 year by an international auditing firm. This report includes
 the following headings: risks and contingency crisis
 management in the Lithuanian banking system; credit risk and
 regulatory issues; and description of corporate debt
 restructuring procedures in Lithuania.
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Thailand - Social and Structural Review : Beyond the Crisis - Structural Reform for Stable GrowthFollowing the East Asian financial crisis, the Bank's involvement in Thailand intensified, enabling a multifaceted stabilization, and structural reform dialogue, which deepened the economic, financial, and sector knowledge of the country. The study benefits from this analytical work, and provides an overview on the ongoing policy dialogue, regarding short- and medium-term reform, through a number of instruments. To promote longer-term growth, the country embarked on a twin strategy of macroeconomic stabilization, and structural reform. Although its flexible labor market, and support mechanisms diminished the crisis' impact on unemployment, and poverty, compared to other countries in the region, this ability to moderate the impact of the economic crisis, could adversely impact a prolonged crisis. The study examines steps to strengthen public sector social programs, and institutional capacity, envisaging coherent poverty support programs in a timely manner, while speeding fiscal stimulus effects, and, monitoring poverty through reliable information, to ensure cost-effectiveness. The financial sector reform is reviewed, focusing on restructuring financial institutions, while upgrading prudential regulations. Practices to improve private sector development are reviewed, i.e., promote corporate restructuring, and competition, and, improve factors of production, while promising a stable growth.