The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
The extensive growth model introduced under central planning in the 1950s resulted in rapid industrialization and initially high growth. The efforts to bring the banking system on a sound footing following the 1996-97 crises have hardened budget constraints, but they have yet to result in a reorientation of banking sector activities toward private sector lending. The following statistical data are presented in detail: industrial sector, services by branches, income accounts, financial performance of state-owned enterprises, monetary survey, the exchange rates, and so on.