01880cas a2200253 a 4500 AALejournalIMF000612 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451972610 1934-7456 BD-DhAAL BD-DhAAL Odling-Smee, John. External Borrowing in the Baltics, Russia, and Other States of the Former Soviet Union : The Transition to a Market Economy / John Odling-Smee, Basil Zavoiceo. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (14 pages) IMF Policy Discussion 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 The external debt of many countries of the Baltics, Russia, and the former Soviet Union has been growing rapidly in recent years and has played an important part in the transition process. However, it is vital to strike a balance between financing transition and ensuring that the external debt is not used to finance wasteful expenditures or delay the transition process. This is especially important since the rising stock of external debt makes the borrowing countries increasingly vulnerable to changes in perceived creditworthiness. Accordingly, countries must adopt policies, including pressing ahead with structural reforms, to ensure that the borrowing is used to promote sound growth. Mode of access: Internet Zavoiceo, Basil. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1998/005 Full text available on IMF http://elibrary.imf.org/view/journals/003/1998/005/003.1998.issue-005-en.xml IMF e-Library