This evaluation assesses the development effectiveness of the World Bank's lending and non-lending assistance to the Russian Federation since 1991, a 10-year period of tumultuous political, economic, and social change. This report concludes that an assistance strategy, concentrating on analytical and advisory services with limited financial support for Russia, would have been more appropriate than one involving large volumes of adjustment lending.

This book discusses and dissects the strategies of international institutions and donors to assist it in its economic and political transition to a market economy. Considerable detail is provided on the activities of the International Monetary Fund (IMF), the European Bank for Reconstruction, the World Bank, and the European Union in Russia. The book is based on a GAO Report that has been excerpted and augmented by explanatory commentary. A full subject index is provided.

“Beyond Peace is Mr. Nixon’s best book.” —The New York Times Beyond Peace is a manifesto for a new America, written with visionary insight and a realistic idealism by the 37th President of the United States—and only completed weeks before his death. In this last testament, Nixon offers a new agenda for the United States and defines its role in the complex post-Cold War era. Nixon charts the course America should take in the future to ensure that the opportunities of this new era beyond peace are not lost. America’s issues, he argues, extend from a crisis of spirit which manifests itself in a corrosive entitlement mentality that he describes as “one of the greatest threats to our fiscal health, our moral fiber, and our ability to renew our nation.” With his unrivaled experience in foreign affairs gained over many years as a statesman in the international arena, he gives answers to complex foreign issues facing the United States. And his intimate portraits and analyses of world leaders—past and present—offer us a unique, bird’s-eye view of leadership and international politics. This book challenges us to seek more than just peace; it must be a mission that will unify and inspire the country, built on peace but able to transcend it.

IFC Discussion Paper No. 38.QUOTEIt is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of good performance in firms... Decent economic policy and well-functioning legal and administrative institutions... matter greatly as well.QUOTEThis paper looks at what happens when the shift to private ownership gets far out in front of the effort to build the institutional underpinnings of a capitalist economy. The emphasis is on what went wrong and why and what, if anything, can be done to be correct it. Proposals include renationalization and/or postponement of further privatization, both to be accompanied by measures to strengthen the managerial capacities of the state. Neither approach seems likely to produce short-term improvements. The regrettable fact is that governments that botch privatization are equally likely to botch the management of state-owned firms. In a number of Central European transition countries, privatization is living up to expectations; and there is no need for such measures. For institutionally-weak countries, the less dramatic but reasonable short-term course of action is to push ahead more slowly with case- by-case and tender privatization in cooperation with the international assistance community in hopes of producing some success stories that will lead by example.