and
3.to improve the quality and transparency of key government institutions, including helping governments address problems of corruption and accountability.
The World Bank believes these objectives are inseparable and essential components of winning and holding public support for difficult reforms. There must be visible
help with the social costs of reform, particularly protection for the unemployed; the financial and corporate sectors must be better regulated, more transparent, and
adequately capitalized to regain the confidence of investors, both foreign and domestic. Once confidence is restored, economic growth can resume, raising incomes for
The World Bank's Involvement to Date
Since July 1997, the Bank has pledged some $16 billion to the region, almost the equivalent of an entire year's regular lending, and already disbursed more than $3.5
In Thailand, the Bank pledged $1.5 billion in support of the $17.2 billion international effort initiated in Tokyo in August, 1997. T
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