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Federal Republic Of Yugoslavia

Breaking With The Past:
The Path To Stability And Growth

June 12, 2001


Cover pages

This electronic version of Breaking With The Past: The Path To Stability And Growth has been published immediately after finalization in order to make the document available as soon as possible. It is now being printed. Participants will receive hard copies at the Conference.

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Volume I: The Economic, Social and Institutional Reform Agenda, Prepared by the World Bank in collaboration with the Governments of the Federal Republic of Yugoslavia, the Republic of Serbia and the Republic of Montenegro (95 pages, pdf, 464 KB)

Volume II: Assistance Priorities and Sectoral Analyses, Prepared by the World Bank and the European Commission in collaboration with the Governments of the Federal Republic of Yugoslavia, the Republic of Serbia and the Republic of Montenegro (360 pages, pdf, 1.8 MB)


Both volumes can also be viewed by individual chapters:


Extracts: Federal Republic of Yugoslavia Medium Term Economic Recovery and Transition Program:


Volume I

Contents:

Table of Contents, Acknowledgement, Preface (9 pages, pdf, 25 KB)

Executive Summary (7 pages, pdf, 37 KB)

I. Background (11 pages, pdf, 100 KB)

  1. The Economic and Social Starting Point
  2. Initial Priorities of the New Governments
  3. Recent Progress in Preparing Deeper Structural Reforms
  4. Key Medium-Term Challenges

II. Restoring Macroeconomic Stability and External Balance (12 pages, pdf, 100 KB)

  1. Fiscal Policy and Management
  2. External Trade and Customs
  3. Governance

III. Stimulating Growth and Creating the Basis for a Sustainable Supply Response (28 pages, pdf, 179 KB)

  1. Private Sector Development
  2. Financial Sector Development
  3. Energy
  4. Transport
  5. Water and Sanitation
  6. Telecommunications
  7. Agriculture
  8. Environment

IV. Improving Social Wellbeing and Building Human Capacity (12 pages, pdf, 96 KB)

  1. Social Protection
  2. Health
  3. Education

V. Medium-Term Economic Outlook and External Financing Requirements (14 pages, pdf, 105 KB)

  1. The Macroeconomic Outlook
  2. Fiscal Prospects
  3. Foreign Trade and External Balances
  4. External Financing Requirements
  5. Risks



Volume II: Assistance Priorities and Sectoral Analyses

Contents:

Table of Contents, Abbreviations and Acronyms and Acknowledgement (9 pages, pdf, 25 KB)

Chapter 1. An Overview of the Economic Recovery and Transition Program (14 pages, pdf, 77 KB)

  1. Introduction
  2. The Government’s Medium-Term Challenges
  3. Medium-Term External Financing Requirements
  4. The 2001 Program
  5. Implementing the Program

Chapter 2. Fiscal Policy and Management (32 pages, pdf, 143 KB)

  1. Reducing Quasi Fiscal Deficits and Hidden Risks
  2. Transparency and Accountability of Public Spending
  3. Public Debt Management
  4. Tax Policy and Administration

Chapter 3. Trade (20 pages, pdf, 89 KB)

  1. Patterns of Trade in Goods and Services
  2. Trade Policies: Reforms to date and plans for the future
  3. Capacity to Trade: Institutional and other constraints to implementation
  4. Market Access: The global, European and regional dimension
  5. Policy recommendations
  6. Donor Program

Chapter 4. Governance (13 pages, pdf, 62 KB)

  1. Introduction
  2. Creating an effective Public Sector
  3. Enhancing the Efficiency of the Public Sector
  4. Increasing the accountability of the Public Sector

Chapter 5. Private Sector Development (30 pages, pdf, 138 KB)

  1. Introduction
  2. Socially owned enterprises: Privatization and Restructuring
  3. Private small and medium new enterprises
  4. Other reforms for private sector development

Chapter 6. Financial Sector (32 pages, pdf, 152 KB)

  1. Introduction
  2. Macroeconomic environment and the Financial Sector
  3. The Yugoslav Financial Sector
  4. Banking Regulation and supervision
  5. Problem banks resolution
  6. Asset resolution strategy
  7. Donor program

Chapter 7. Energy (38 pages, pdf, 174 KB)

  1. Summary
  2. Electricity
  3. Coal
  4. Oil and Gas
  5. District Heating and Energy Efficiency

Chapter 8. Transport (28 pages, pdf, 130 KB)

  1. Road and road transport
  2. Railways
  3. Maritime transport
  4. River transport
  5. Trade and Road transport Facilitation

Chapter 9. Water, Wastewater and Solid Waste (20 pages, pdf, 139 KB)

  1. Background on Organization and the Quality Situation
  2. Policy reforms needed for the success of the Donor Program
  3. Donor Program for Water Supply and Sanitation

Chapter 10. Communications (8 pages, pdf, 37 KB)

  1. Telecommunications
  2. Broadcasting
  3. Postal Services
  4. ICT/Information Society
  5. Sector Priorities for Transition and Recovery

Chapter 11. Agriculture (23 pages, pdf, 108 KB)

  1. Introduction
  2. Background
  3. Sector Constraints and Challenges
  4. Priorities and Investments for Recovery and Transition

Chapter 12. Environment (20 pages, pdf, 140 KB)

  1. Introduction
  2. Environmental Situation
  3. Environmental Institutional Framework and the Role of Civil Society
  4. The Regional Dimension
  5. Towards and Environmental Agenda

Chapter 13. Social Protection (27 pages, pdf, 138 KB)

  1. Pensions
  2. Unemployment Benefits and Other Labor Market Programs
  3. Social Welfare

Chapter 14. Health (15 pages, pdf, 77 KB)

  1. Background
  2. Key Challenges
  3. Priorities for Transition and Recovery
  4. Proposed Donor Program

Chapter 15. Education (17 pages, pdf, 129 KB)

  1. Background
  2. Priorities for Transition and Recovery

Chapter 16. Poverty (14 pages, pdf, 121 KB)

  1. Introduction
  2. Poverty and Inequality: Snapshot and Changes
  3. Explaining Poverty
  4. Conclusions and Recommendations for Policies and the Donor Community
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