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The Low-Income Countries of the Commonwealth of Independent States
			: Progress and Challenges in Transition

The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition »

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

DOI: http://dx.doi.org/10.5089/9781589063211.072

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

The CIS-7 Initiative was launched in 2002 and endorsed by ministers from the CIS-7 and donor countries, with the objective of promoting poverty reduction, economic growth, and debt sustainability among the seven po...

1 Overview

1 Overview »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

Introduction After the breakup of the Soviet Union, the CIS-7 faced exceptional challenges in building new states, democratic institutions, and market economies. All of the CIS-7 sta...

2 Debt Accumulation in the CIS-7 Countries: Bad Luck, Bad Policies, or Bad Advice?

2 Debt Accumulation in the CIS-7 Countries: Bad Luck, Bad Policies, or Bad Advice? »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

Introduction With the exception of Azerbaijan, which is a net energy exporter, the other low-income CIS countries—Armenia, Georgia, the Kyrgyz Republic, Moldova, Tajikistan, and Uzbe...

3 The International Community and the CIS-7 Countries

3 The International Community and the CIS-7 Countries »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

Overview Without doubt, the collapse of the communist bloc and the dissolution of the Soviet Union during 1989–1991 represented the largest regime change experienced in the world sin...

4 Structural Reform in the CIS-7 Countries

4 Structural Reform in the CIS-7 Countries »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

This chapter analyzes the role of structural reform in the transition experience of the CIS-7 countries. The seven countries share many common features, beginning with their depress...

5 Public Expenditure in the CIS-7 Countries

5 Public Expenditure in the CIS-7 Countries »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

All of the CIS-7 countries underwent difficult economic transitions during the 1990s, with gross domestic product (GDP) contracting sharply. As these countries restructured their ec...

6 Inequality and Poverty in the CIS-7 Countries, 1989–2002

6 Inequality and Poverty in the CIS-7 Countries, 1989–2002 »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

This chapter examines the evolution and current status of living standards and welfare following a decade of transition in seven of the poorest countries of the former Soviet Union...

7 Growth and Rural Poverty in the CIS-7 Countries: Case Studies of Georgia, the Kyrgyz Republic, and Moldova

7 Growth and Rural Poverty in the CIS-7 Countries: Case Studies of Georgia, the Kyrgyz Republic, and Moldova »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

Rural poverty is a major problem in the CIS-7 countries, exceeding urban poverty in four of the seven countries. The high rates of rural poverty are partially a historical phenomeno...

8 Political Obstacles to Economic Reform in Uzbekistan, the Kyrgyz Republic, and Tajikistan: Strategies for Moving Ahead

8 Political Obstacles to Economic Reform in Uzbekistan, the Kyrgyz Republic, and Tajikistan: Strategies for Moving Ahead »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

Several key political obstacles to economic reform have been identified in what has become a burgeoning literature on the political economy of reform. The overriding focus of this l...

9 Economic Development and Private Sector Growth in the CIS-7 Countries: Challenges and Policy Implications

9 Economic Development and Private Sector Growth in the CIS-7 Countries: Challenges and Policy Implications »

Source: The Low-Income Countries of the Commonwealth of Independent States : Progress and Challenges in Transition

Series: Seminar Volumes

Author(s): Sarosh Sattar , and Clinton Shiells

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2004

ISBN: 9781589063211

Keywords: debt, external debt, expenditures, current account, transition economies

Despite widespread donor assistance and substantial amounts of aid, growth rates in the low-income CIS-7 countries have been much lower than anticipated. According to the official s...