Financial Services Volunteer Corps Mission to the Czech and Slovak FederalRepublic, March 11-16, 1991. Observations, Findings and Recommendations

摘要

The report identifies areas for future cooperation between A.I.D. and theCzechoslovakian government with respect to privatization, banking reform, the creation of a capital markets system, adoption of international accounting standards, and insurance industry reform. The report states that positive transformations have already been achieved in banking and finance and that the entrepreneurial spirit of the Czechoslovak people is encouraging. It concludes that the country has the potential to surmount the remnants of the past that impede its path to economic vitality and growth. Specific recommendations for cooperative development programs are presented.