The road to stability and prosperity in South Eastern by World Bank. Europe and Central Asia Region, International

By World Bank. Europe and Central Asia Region, International Monetary Fund

"There isn't any denying that reaching social and political balance and sustainable improvement will take years for many international locations. Nor will development in the direction of those targets be soft or computerized. a number of elements point out how tough this street will be." The earlier decade of transition and clash has left the South East eu sector with a legacy of insufficient progress and declining residing criteria. some time past a number of years, total progress has declined, expanding the space among those economies and the remainder of Europe. extra alarming is that there was a deterioration in dwelling criteria, as evidenced via larger poverty, inequality, and unemployment. the explanations for the negative fiscal functionality are different. the main destabilizing issue, in fact, has been the local conflicts, that have devastated the realm, undermined structural reform regulations, and discouraged overseas funding. a lot of the industrial improvement, social inclusion, local balance in South japanese Europe is dependent upon strengthening of associations, governance, and a decreasing of the extent of corruption. This document, ready based on the mandate given to the area financial institution and the eu fee lower than Article forty-one of the steadiness Pact to coordinate a nearby method of South japanese Europe, outlines 4 large thrusts for motion. those activities are meant to aid the success of the ambitions of peace, balance, and prosperity. They comprise relocating swiftly in the direction of exchange integration with the european and in the area, fostering social inclusion and social switch to lessen tensions, enhancing establishment skill and governance buildings, and making an investment in local infrastructure to combine the sector bodily inside of Europe.

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A third of Bosnia and Herzegovina's population are displaced. Over 300,000 Serbs from Croatia are estimated to be refugees in FRY and Bosnia and Herzegovina. Refugees and Internally Displaced People (IDPs) represent 13 percent of the population of Montenegro. The recent conflict in Kosovo added to the number of displaced persons in FRY and other neighboring countries. Continued demands for independence of ethnic groups (such as the Kosovo Albanians), and challenges to negotiated agreements also engender uncertainties.

Numerous people from many organizations and institutions assisted in the Report's preparation: George Zavvos, Barbara Kauffman, Dirk Buda, Michael Vedso (EC); Hans Peter Lankes, Marina Wes (EBRD); Massimo d'Eufemia, Axel Hörhager, Kristian Uppenberg, Chris Hurst (EIB); Nick Malyshev, Silvana Malle, Declan Murphy (OECD); Michèle Meunier (Council of Europe Development Bank); Gabriella Battaini-Dragoni, Dimo Iliev, (Council of Europe). Many World Bank staff also made substantive contributions: Constantine Michalopoulos, Gerardo Corrochano, Juan Carlos Ginarte, Zhicheng Li, Nick Manning, Andras Horvai, Francois Ettori, Dena Ringold, Gloria La Cava, Steven Holtzman, Mian Ifthikar Khalid, Marjory-Anne Bromhead, Konrad Von Ritter, John Nash, Rita Klees, Stephanie Abdulin, Eva Molnar, Gareth Locksley, Maureen Lewis, Philip O'Keefe, Helga Treichel, Manuel Marino, Alexandre Marc, Walter Stottmann, Severin Kodderitzsch, Graham Smith, Anca Dumitrescu, Louis Thompson, James Stevens and Laura Rose.

Introduction 138 B. Geographic Overview 139 C. Environment Impacts of War 141 D. Natural Resource Management Sector 143 E. Pollution Control Sector: Water, Industrial, Solid Waste, Nuclear Power and Safety 146 F. Environmental Policy, Legislation and Institutions 153 G . S. 00007 US$ 1Bosnian Dinar (BMD). 2 Lev was fixed to Deutsche Mark, 1,000 Leva = 1 DM, from July 1, 1997 to the end of 1998. Since January 1, 1999 Lev has been fixed to Euro. 3 Since July 5, 1999, the Bulgarian Lev was redenominated at 1 BGLN = 1000 BGL.

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