01725cas a2200253 a 4500 AALejournalIMF000510 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451981117 1018-5941 BD-DhAAL BD-DhAAL Gurgen, Emine. Payment Arrears in the Gas and Electric Power Sectors of the Russian Federation and Ukraine / Emine Gurgen, Hrant Bagratian. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric power sectors. Payments arrears, which were triggered primarily by the dislocations experienced during the transition from a centrally planned to a market economy, have reached significant proportions in these two countries. Governments have aggravated the problem by not honoring their own bills and by condoning payments arrears outside the budget. The paper argues that the solution to the problem lies in the implementation of comprehensive systemic reforms and outlines possible measures. Mode of access: Internet Bagratian, Hrant. IMF Working Papers; Working Paper ; No. 1997/162 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/162/001.1997.issue-162-en.xml IMF e-Library