The Second Enterprise Development Adjustment Loan (EDAL) seeks to continue support for the Government's privatization and capital markets development programs under the first EDAL and the more recently initiated accounting, bankruptcy reform and deregulation programs. The loan consisting of three equal tranches, is expected to disburse quickly upon the satisfactory implementation of the agreed adjustment measures in the areas of privatization, capital markets, accounting reform, bankruptcy reform, and deregulation. Privatization reform will demonopolize infrastructure, and other enterprises. Capital market developments include consolidating regulatory functions of a State Securities and Stock Market Commission (SSMC), promoting self-regulatory organization, improving regulation, and reforming tax system. Accounting reform will establish an institutional framework for adopting International Accounting Standards, and improve audit standards. Bankruptcy reform will introduce a new bankruptcy law. Deregulation will adopt a deregulation strategy developed by deregulation experts, simplify requirements for business registration, and take actions to resolve licensing problems.
Details
-
Document Date
1998/02/25
-
Document Type
President's Report
-
Report Number
P7224
-
Volume No
1
-
Total Volume(s)
1
-
Country
-
Region
-
Disclosure Date
2012/07/10
-
Disclosure Status
Disclosed
-
Doc Name
Ukraine - Second Enterprise Development Adjustment Loan Project
-
Keywords
united nations conference on trade and development;trade and price liberalization;general agreement on tariffs and trade;capital market development;mass privatization program;clearance and settlement system;accumulation of payment arrears;large enterprise;market participant;joint stock company;capital market infrastructure;block of shares;private sector activity;small scale enterprise;national depository system;capital market participant;initial public offering;mass privatization process;capital market reform;state holding company;transfer of share;enterprise sector;single currency;Change in Leadership;number of shares;country assistance strategy;foreign portfolio investor;quality of information;result of privatization;capital market activity;private capital flow;bank lending operation;independent regulatory body;Country Assistance Strategies;transfer of ownership;form of privatization;size of enterprise;current account convertibility;hard budget constraint;systemic transformation facility;international security market;current account deficit;foreign economic relation;sustainable fiscal balance;enterprise for privatization;financial sector reform;burden of regulation;certificate of deposit;approval of prospectus;foreign exchange market;population at large;state from enterprise;comprehensive security;public information campaign;voluntary export restraint;weights and measure;chart of account;tight monetary policy;financial statement presentation;stock market participant;lack of transparency;law;enterprise restructuring;security trading;auditing standard;enterprise share;stock exchange;corporate security;trading system;market economy;ownership change;ownership transfer;
- See More
Downloads
COMPLETE REPORT
Official version of document (may contain signatures, etc)
- Official PDF
- TXT*
- Total Downloads** :
- Download Stats
-
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.
Citation
Ukraine - Second Enterprise Development Adjustment Loan Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/581511468314353495/Ukraine-Second-Enterprise-Development-Adjustment-Loan-Project