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Implementation of macro-financial assistance to third countries in 2000. Report from the Commission to the European Parliament and the Council. COM (2001) 288 final, 1 June 2001

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COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 1.6.2001 COM(2001) 288 final REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND TO THE COUNCIL ON THE IMPLEMENTATION OF MACRO-FINANCIAL ASSISTANCE TO THIRD COUNTRIES IN 2000 2 List of abbreviations BiH Bosnia and Herzegovina CAMEL Capital, assets, management, earnings, liquidity (parameters used in international system for rating banks) CBA Currency Board Arrangement CEECs Central and East European Countries CPI Consumer Price Index DEM German Mark EBRD European Bank for Reconstruction and Development EC European Community EFF Extended Fund Facility EIB European Investment Bank ESAF Enhanced Structural Adjustment Facility EU European Union EUR Euro FDI Foreign Direct Investment FESAL Financial and Enterprise Structural Adjustment Loan FRY Federal Republic of Yugoslavia FYROM Former Yugoslav Republic of Macedonia GDP Gross Domestic Product IFIs International Financial Institutions IMF International Monetary Fund MFA Macro-Financial Assistance MoU Memorandum of Understanding NIS New Independent States PRGF Poverty Reduction and Growth Facility (formally ESAF) SAA Stabilisation and Association Agreement SAF Structural Adjustment Facility SBA Stand-By Arrangement SDR Special Drawing Right UN United Nations UNMIK United Nations Interim Administration Mission in Kosovo USD Dollar of the United States of America VAT Value Added Tax WTO World Trade Organisation 3 TABLE OF CONTENTS I. INTRODUCTION .............................................................................................. 6 II. OVERVIEW ....................................................................................................... 6 1. Background ..................................................................................................... 6 2. Macro-financial assistance in 2000................................................................. 7 3. Trends and tendencies in macro-financial assistance .................................... 9 4

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