Russian Federation - Coal sector adjustment loans (Inglês)

The Russian coal sector was in need of reforms after beginning its transition from a planned economy in 1991. In 1996 and 2000, the World Bank provided two sector adjustment loans, or SECALs, for socially sustainable restructuring of the Russian coal ...  Exibir mais + The Russian coal sector was in need of reforms after beginning its transition from a planned economy in 1991. In 1996 and 2000, the World Bank provided two sector adjustment loans, or SECALs, for socially sustainable restructuring of the Russian coal sector. During this restructuring, some major reforms took place, including a change in institutional roles that ensured an improvement in accountability mechanisms in the coal sector, which ensured better social protection for all workers. The workers, including disabled miners, became aware of their entitlements and could voice their opinions through their local groups, which did not exist earlier. Wage payments were made on time, and the workers started to receive the entirety of their monthly salaries in cash. Safety conditions for workers also improved. Inefficient mines ceased to operate, and restructuring was aimed at ensuring employment for the laid-off workers in other sectors. However, this approach could not fully address the aftermath of layoffs and terminations in the coal industry.  Exibir menos -