1;Table of Contents;13 2;List of Abbreviations;18 3;PART I: Stimulating the Economy of Southeast Europe;20 3.1;Introduction to Part I;21 3.2;Setting the Stage for Stability and Progress in Southeast Europe;24 3.3;The Scenario for EU Accession by Southeast European Countries;55 3.4;Infrastructure Finance, Accession, and Related Policy Issues in Southeast Europe;59 3.5;Making It Easier to Do Business in Southeast Europe;63 4;PART II: Financial Regulation for Stability and Protection in Southeast Europe;71 4.1;Introduction to Part II;72 4.2;Financial Sector Development in Southeast Europe - The Roles of EU Accession and Basel II;76 4.3;Implementing European Standards of Banking Regulation in Georgia;107 4.4;Issues Concerning Foreign Banks' Operations in Bosnia and Herzegovina;112 4.5;The Role of Foreign Banks in SEE;116 4.6;The Impact of Basel II on Banking in Albania and Southeast Europe;120 4.7;Financial Stability in Southeast Europe - Basel II and the Challenges Ahead;125 5;PART III: Bankers' Perspectives - Dynamic Banking in the Changing Market of Southeast Europe;136 5.1;Introduction to Part III;137 5.2;Bankers' Perspectives - Dynamic Banking in a Changing Market;140 5.3;Evolution of the Banking Sector in Southeast Europe - The Role and Business Strategies of Domestic Banks;172 5.4;Financing Small and Medium-Sized Companies;177 5.5;The Business Strategies of Domestic Banks in the Long Run - SME Lending as an Attractive Market Segment;180 5.6;Building a Market Niche Also Builds a Market - Opportunity Bank in Montenegro;185 6;PART IV: Clients' Perspectives on Access to Financial Services for Micro and Small Enterprise in Southeast Europe;189 6.1;Introduction to Part IV;190 6.2;Clients' Perspectives - Providing More Effective Financial Services for Micro and Small Enterprises;194 6.3;Access to Finance: Issues and Opportunities in Southeast Europe;217 6.4;Nonfinancial Obstacles to SME Financing in Serbia;222 6.5;Constraints to Business Development in Bulgaria and the Case for Action;230 6.6;Degrees of Competition in Serving Target Groups - They May Be Closer than You Think;235 6.7;A New Approach to Business Development Services in Southeast Europe;240 7;PART V: Looking Ahead - Public-Private Partnerships in the Financial Sector in Southeast Europe;244 7.1;Introduction to Part V;245 7.2;Public-Private Partnerships for Financial Development in Southeast Europe;251 7.3;Replicable and Transparent PPP Models for Financial Sector Development;276 7.4;Using PPPs to Facilitate Transactions in Financial Markets;281 7.5;Sustainable Microfinance Banks - IMI as a Public-Private Partnership in Practice;287 7.6;Opportunities for Public-Private Partnerships in Financial Sector Development;295 7.7;Public-Private Partnership - Results in the Banking Sector in Southeast Europe;301 7.8;Microfinance Investment Funds - An Innovative Form of PPP to Foster the Commercialisation of Microfinance;320 8;PART VI: Summary and Conclusions;333 8.1;An Overview of Banking, Financial Regulation, and Access to Financial Services in Southeast Europe in the Context of EU Enlargement;334 9;Indices;347 9.1;Index of Names;347 9.2;Index of Countries;349 9.3;Index of Banks and Organisations;352 9.4;Index of Terms;356