The article deals with the implementation of the Program of Monetary Reconstruction and Economic Recovery of Yugoslavia in the first year after its inauguration. It were explained the phases of the Program implementation and then the global movements in Yugoslav economy in 1994 (production,...

This paper deals with the phenomenon of high levels of unofficial euroisation in countries preparing for EU membership (Albania, Bosnia and Herzegovina, the former Yugoslav Republic of Macedonia, Serbia and Turkey). The challenges stemming from unofficial euroisation are particularly relevant...

Lokshin and Jovanovic use the newly available Yugoslavian Labor Force Survey data to investigate wage differentials and employment decisions in the state and private sectors in Yugoslavia. For the analysis the authors use three empirical models that rely on different statistical assumptions....

This paper reviews financial stability challenges in countries preparing for EU membership, i.e. Albania, Bosnia and Herzegovina, Kosovo*, Iceland, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey. The paper has been prepared by an expert group of staff from the European...

The online information session on 'Current Developments at EIGE for EU Candidate and Potential Candidate Countries' took place on 17th October 2014 on EuroGender, the online platform of EIGE (European Institute for Gender Equality) for consultation with stakeholders in all the work areas of the...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

The report discusses the principal economic, and social reform policy tasks, Kosovo is facing, following the decade-long losses due to civic exclusion of a major part of its ethnic population, the absence of investments, and the neglect of physical, and human capital, a period which culminated...

The study focuses on the renewed transition to democracy, and a market economy in the Federal Republic of Yugoslavia (FRY), within the context of extremely difficult economic, and social conditions: poor macroeconomic outcomes, with sharp drops in output, and trade, and, very high inflation;...

Given the tight overall resource constraints in Kosovo, and in the face of declining donor support and limited access to external finance, difficult choices and trade-offs on spending decisions will need to be made. The main challenge will be to develop expenditure policies which will preserve...

This first national assessment of public procurement in Yugoslavia examines all areas of public procurement operations, including the legislative framework, the performance of regulatory functions, the enforcement regime, the capacity of public sector institutions to conduct procurement and the...

This Public Expenditure and Institutional Review (PEIR) aims to help the government of the Federal Republic of Yugoslavia (FRY) in taking their public expenditure reforms further. It analyzes public expenditure practices, and institutions of the two Republics - Serbia and Montenegro - and of the...

This Public Expenditure and Institutional Review (PEIR) aims to help the government of the Federal Republic of Yugoslavia (FRY) in taking their public expenditure reforms further. It analyzes public expenditure practices, and institutions of the two Republics - Serbia and Montenegro - and of the...

This Public Expenditure and Institutional Review (PEIR) aims to help the government of the Federal Republic of Yugoslavia (FRY) in taking their public expenditure reforms further. It analyzes public expenditure practices, and institutions of the two Republics - Serbia and Montenegro - and of the...

This Poverty Assessment is the first output of a multi-year program adopted by the World Bank to assist the Governments of Serbia and Montenegro in the development and implementation of their Poverty Reduction Strategies. The program relies on collaboration in joint data production and analysis....

This Poverty Assessment is the first output of a multi-year program adopted by the World Bank to assist the Governments of Serbia and Montenegro in the development and implementation of their Poverty Reduction Strategies. The program relies on collaboration in joint data production and analysis....

Upon resumption of its transition to a market economy in late-2000, Serbia made good initial progress across a range of areas. This progress began from a very difficult starting point which reflected the legacy of a decade of isolation, conflict, and poor economic management. However, deep...

The paper demonstrates that the Yugoslav hyperinflation, the second highest and the second longest episode in economic history, was driven by excessive money supply that monetized various deficits that emerged upon the disintegration of the country. The identified cointegrating relations showed...

This report provides an overview of remittance flows from Germany to Serbia and analyzes why a large part of remittance transfers take place outside financial institutions. The study presents a series of recommendations on needed policy changes to facilitate the transfer of remittance flows from...

In recent years, Europe and Central Asia (ECA) has seen the world's fastest growing HIV/AIDS epidemic. The Balkans countries and territories under study - Albania, Bosnia and Herzegovina, Macedonia, Serbia and Montenegro, and the UN-administered Kosovo -- have reported over 2,000 HIV/AIDS cases...

Beginning in the late 1990s, Montenegro's economic reform program reached momentum in the early 2000s. Its reform program rested on two broad pillars: macroeconomic stabilization, and market-oriented structural reforms. However, the macroeconomic and structural reforms have yielded modest...

This Report provides an assessment of accounting and auditing standards and practices in Serbia. It uses International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks, and draws on good practices in the field of accounting and audit regulation to...

This paper looks at tax reform in two of the Yugoslav successor states: Bosnia and Herzegovina (BiH) and Serbia and Montenegro. These two countries have proved to be the most problematic of the former-Yugoslav countries for different reasons. Serious reform began in 1996 in BiH, after the war,...

The pocketbook presents a range of statistics on candidate and potential candidate countries in comparison with the European Union from 1998 to 2008. It contains most of the structural indicators adopted by the European Council to monitor the Lisbon Strategy. The publication includes data on...

The EU candidate and potential candidate countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the...

High capital inflows and rising vulnerabilities underscore the importance of a comprehensive approach to ensuring stability. Standard balance sheet indicators mask a substantial build-up of exposures to exchange rate, maturity, and rollover risks. Household balance sheet risks originate from...

The EU candidate and potential candidate countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the...

The current issue focuses on the EU and primarily the EMU anchors for promoting stability and growth in the candidate and potential candidate countries. It is widely acknowledged that the EU accession prospect and the gradual insertion in the Economic and Monetary Union policy framework...

The extensive Pocketbook on candidate and potential candidate countries cover the years 1996 to 2006 and contains tables and graphs on demography, education, social conditions, labour force, national accounts, finance, agriculture, energy, industry, construction and services, transport,...

This extensive pocketbook on Candidate and Potential Candidate Countries covers the years 1995 to 2005 and contains tables and graphs on demography, education, social conditions and labour force, national accounts and finance, agriculture, energy, industry, construction and services, transport,...

This paper discusses the First Progress Report on the implementation of the Poverty Reduction Strategy (PRS) in Serbia. The Poverty Reduction Strategy Paper (PRSP) for Serbia and its implementation complement the efforts of Serbia in the European Union integration process. The PRSP also includes...

This paper discusses Serbia and Montenegro’s Sixth Review Under the Extended Arrangement, Financing Assurances Review, Request for Waivers of Nonobservance of Performance Criteria, and Proposed Post-Program Monitoring. Program implementation since the fifth review has been mixed, delaying the...

This note compares patterns of domestic investment in Serbia with those in other central and eastern European countries, noting the relationships with external balances. The structure of participation and employment rates suggests a need for analysis of the impact of labor market institutions on...

This Joint Staff Advisory Note discusses the Poverty Reduction Strategy Progress (PRSP) Reports for Serbia and Montenegro. Although the strong economic growth in recent years in Serbia has improved average living standards, the reports note that its impact on poverty reduction remains...