January 21, 2013
World Bank - Reforming Corporate Financial Reporting
"The international financial crisis has had a serious impact on the countries of the Europe and Central Asia (ECA) region. Growth is slower, unemployment is higher, public debt has soared, and trust in the stability of banks has been eroded. In response to these challenges, the World Bank’s strategy for the region has focused on three main pillars: improvements in competitiveness to deliver an early return to economic growth; reforms in the social sector to ensure that growth is inclusive; and action on climate change to ensure that growth is sustainable. These three pillars are linked by a cross-cutting theme of improving governance, as it has become increasingly clear that good public and corporate governance are important to long-term economic growth."
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