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The World Bank Annual Report 1998 : Europe and Central Asia

By The World Bank

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Book Id: WPLBN0000189427
Format Type: PDF eBook
File Size: 0.3 MB
Reproduction Date: 2005

Title: The World Bank Annual Report 1998 : Europe and Central Asia  
Author: The World Bank
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


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Bank, T. W. (n.d.). The World Bank Annual Report 1998 : Europe and Central Asia. Retrieved from


Countries in the Europe and Central Asia (ECA) region continued to meet the challenges of transition with varying degrees of progress. Many Central European and Baltic countries are now sustaining growth and attracting external capital and investment. With support from the Bank and its partners, they are focusing on policies and institutional changes that will allow them to sustain growth while gradually meeting European Union (EU) membership requirements. In Eastern Europe, Caucasus, and Central Asia, countries are still facing the challenges of sustained stabilization and making further progress in privatization, liberalization, and preservation of basic safety nets. In these countries the Bank is both promoting reform and providing balance of payments support. The Bank is also assisting some countries with the difficult tasks of reconstruction after conflict. The quality and effectiveness of Bank operations across the region improved in fiscal 1998, as portfolio management was enhanced and client focus sharpened.


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