Poland: Economic Restructuring and Donor Assistance
The objectives in examining U.S. and other donor assistance in Poland were to: assess the status and progress of the country's economic restructuring in the key areas of macroeconomic stabilization, foreign trade and investment, privatization, and banking; describe impediments to these restructuring efforts; discuss the role donors have played in the transformation process; and identify lessons learned that could be useful to other transition countries. The lessons learned from Poland merit consideration by Russia, Ukraine and others.
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areas Association Agreement Bank Privatization bank supervision capital privatization Central and Eastern central bank cmea committed country's debt delays Development direct privatization donor assistance donor officials Eastern Europe ebrd Economy of Poland European Union foreign direct investment Foreign Investment foreign trade government of Poland implement important International Monetary Fund investment in Poland Investment Obstacles investors liberalization macroeconomic Mass Privatization Program million Ministry of Privatization National Investment Fund oecd Overcoming Trade Paris Club percent of Poland's phare PlanEcon Poland's Banking Sector Poland's early Poland's Mass Privatization Poland's private sector Poland's Progress Polish Agency Polish banks Polish exports Polish government Polish officials Polish-American privatization process Progress Toward Privatization recapitalize Reforms in Poland's Soviet Union state-owned banks state-owned commercial banks state-owned enterprises Survey of Europe technical assistance Trade and Investment transformation transition countries Treasury U.S. Agency U.S. assistance United usaid usaid official Warsaw World Bank zloty
Page 3 - Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.
Page 16 - Bulgaria Czech Republic Estonia Hungary Latvia Lithuania Poland Romania Slovak Republic Slovenia I Gain in global market share 10 15 20 25 30 account deficit within prudent limits.
Page 31 - Trade permits imposition of antidumping duties equal to the difference between the price sought in the importing country and the normal value of the product in the exporting country.
Page 2 - LIST OF CONGRESSIONAL COMMITTEES The Honorable Jesse A. Helms Chairman The Honorable Joseph R. Biden, Jr. Ranking Minority Member Committee on Foreign Relations United States Senate The Honorable Ted Stevens Chairman The Honorable Robert C. Byrd Ranking Minority Member Committee on Appropriations United States Senate The Honorable Jim Leach Chairman The Honorable John J. LaFalce Ranking...
Page 14 - Russia became a member of the International Monetary Fund (IMF), the World Bank and the European Bank for Reconstruction and Development.
Page 5 - ... supervision skills. Donors have provided key financial support for recapitalizing Poland's state-owned banks and restructuring their problem loan portfolios. However, despite the progress that has been made, Poland is still struggling to overcome relatively high rates of inflation and unemployment. Poland's transition experience offers a number of lessons that merit consideration by countries such as Russia, Ukraine, and others not as far along the reform path as Poland. These lessons suggest...
Page 46 - ... internal obstacles continue to impede foreign investment. Donor assistance has had only a marginal impact in facilitating trade and investment. In moving toward privatizing its economy, Poland's progress has been mixed. The country's economic reforms have resulted in a rapidly growing private sector, but significant portions of the Polish economy remain in the hands of the government. Continuing, Poland has fundamentally reformed its banking sector, but several major problems remain, including...
Page 3 - States now has assistance programs in several central and east European countries, Poland has received the largest share of that assistance. This report (1) assesses the status and the progress of the country's economic restructuring in the key areas of macroeconomic stabilization, foreign trade and investment, privatization, and banking...
Page 36 - May 1993 the EU imposed a 1-month ban on imports of live animals, meat, milk, and dairy products from across Eastern Europe for sanitary reasons. The OECD reported that, although EU officials portrayed the action as an urgent health measure, Polish and other East European officials described 19We used EU reported imports from Poland as a measure of Polish exports.