1945

The second wave of privatizations, which had begun in 1996, continued in 1998 and yielded a record level of revenues. Reforms designed to correct institutional weaknesses continued to be implemented, but less intensively than before. Reform processes in some countries were hindered by the international financial crisis, particularly in the areas of trade and finance.

Related Subject(s): Economic and Social Development
/content/books/9789210582964s002-c003
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