This Country Framework Report for the Philippines is one of the first in a series of country reviews aimed at improving the environment for private sector involvement in infrastructure. Prepared at the request of the Philippine Government, the report has three main objectives: 1) To describe and...

This report reviews loan classification and provisioning practices in a broad sample of countries that differ in size, location and level of financial development. The survey conducted for the report compares the regulatory approaches adopted by industrial and emerging economies, and is intended...

This paper, on the Polish fixed-income securities market, reviews the recent evolution of the Polish fixed-income market and examines selected policy challenges ahead, with a special focus on the municipal bond market. The study demonstrates that despite some progress, by which Poland has made...

The report assesses the performance of financial markets in rural areas of Romania, based on three - rural household, rural enterprise, and financial intermediary - surveys, carried out in 1998, and other official data covering 1997. The study finds that rural financial markets perform rather...

On October 18, 1999, albania passed the Law for Securing Charges, which in many of its concepts and features has no precedent in prior Albanian law. This is a complex law, for it bears on the rights annd conduct of creditors, debtors, and a range of other persons who can be affected by securing...