Assessment and Recommendations I. Recent Trends and Prospects II. Monetary, Exchange Rate, and Financial-Sector Policy III. Fiscal Policy and Medium-Term Public Sector Issues IV. The Tax System: A Need for Comprehensive Reform V. Structural Reforms to Revitalize the Economy Annex I. Institutional Framework of the Local Allocation Tax (LAT) Annex II. Statutory Features of the Tax System and Key Elements of Recent Reforms Annex III. Taxation and Private Savings Annex IV. Chronology of Main Economic Events