An article reviewing Bulgaria's early market reforms implemented under harsh external conditions and considerable dislocation of the local economy. The article predicted that realistic growth scenarios for must be predicated on a debt and debt service reduction on Bulgaria's large external...

This paper presents an analysis of the social impact of the economic crisis and reform programs in three Asian countries: Indonesia, Korea, and Thailand. The focus is on changes in real consumption expenditures arising from higher inflation and unemployment

This note discusses the external environment, economic outlook, and key policy challenges for the six South East European Countries (SEE6) — Albania, Bosnia and Herzegovina (BIH), Kosovo, the former Yugoslav Republic (FYR) of Macedonia, Montenegro, and Serbia — as they seek to reignite...

Russia has weathered the global crisis better than initially feared, in part due to its large stimulus package, and is now likely to witness a robust but relatively jobless recovery. But the crisis has emphasized the country's long-standing needs to modernize its public sector, strengthen its...