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A study of impediments to investment and private sector development in Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the former Yugoslav Republic of Macedonia, Moldova, Romania, and Serbia and Montenegro, this title yields fundamental new insights for improving the region's business environment, economic development, and prospects for growth. It is a collaborative effort between the World Bank and the European Bank for Reconstruction and Development that offers important practical ideas for all policymakers and observers concerned with the future of South Eastern Europe. It makes concrete recommendations for reforms that would ease the constraints on domestic and foreign investment, an essential step in sustaining growth and reducing poverty in the region.