Policy Reassessment in Light of the End-2000 Financial Crisis
Pre-Crisis Assessment and Recommendations
I. Achieving Growth with Disinflation
-From Recession to Recovery: An Improving Economic Outlook
-The Role of Monetary Policy in the New Disinflation Strategy
-The Adjustment Process: Progress and Risks
-Growth Prospects for 2001 and the Medium-Term
II. Fiscal Policy: Stabilisation and Reform
-Introduction and Review
-Restoring Budgetary Stability
-Debt Developments and Budget Financing
-Fiscal Restraint and the 2001 Budget
-Correcting Deficiencies in Fiscal Management
-Assessing the Fiscal Consolidation Process
III. The Structural Reform Programme
-Growth, the Labour Market, and Income Distribution
-Agricultural Reform
-Privatisation and Liberalisation in the Utilities Sector
-Banking Sector Reform
-Social Security Reform
-Human Capital Development
IV. Policy Implications of the 1999 Earthquakes
-Background
-Economic Impact of the Disaster
-Regulatory Issues: Towards More Effective Governance
-Enlarging the Scope for Market Driven Economic Development
-Summing Up: Implications for Future Disaster Readiness