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The EBRD and the Transition Process in Eastern Europe

Fabrizio Saccomanni, European Bank of Reconstruction and Development (EBRD), will speak on the EBRD and the Transition Process in Eastern Europe on Tuesday 20 January at LSE.

He will focus on the strategies adopted by the bank since 1991 to promote the transition to a market economy in the countries of central and eastern Europe and the Commonwealth of independent states. The lecture will also consider the performance of members' countries in macroeconomic management and in the transition process.

While the growth performance in the region in 2003 will continue to outpace the world economy for the third consecutive year, potential problems are identified in the high prices of natural resources, large and rising fiscal deficits, and volatile capital inflows.

Fabrizio Saccomanni is vice president of risk management of the European Bank of Reconstruction and Development in London, and a member of its Executive Committee, Operations Committee, and Treasury Exposure Committee. Prior to this he was director for international affairs at the Banca d'Italia.

During a career of 35 years, including a secondment to the International Monetary Fund in Washington, he has served at the Banca d'Italia as head of International Research, and later as head of the Foreign Department.

EBRD and the Transition Process in Eastern Europe is on Tuesday 20 January at 6.30pm in the Hong Kong Theatre, Clement House, LSE, Aldwych, London WC2A. The event, chaired by Professor Paul Taylor of LSE, is free and open to all with no ticket required.

Ends

To reserve a press seat, please contact Jessica Winterstein, LSE Press Office, on 020 7955 7060 or email j.winterstein@lse.ac.uk|

13 January 2004

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