Are we nearly there yet? Dilemmas of transition after 20 years of EBRD's operations
Publisher: CEE Bankwatch Network
Volume: 13 pages, pdf
Description:
When the European Bank for Reconstruction and Development (EBRD) began its operations in 1991, it was a time of great triumphalism among Western decisionmakers. Communism had been defeated, and market economics and democracy were the only way forward - indeed “the end of history” had been reached.1 There was little doubt about what the EBRD had to do next: to make the former Eastern Bloc countries more like the West. And so the EBRD was endowed with its so-called transition mandate, to promote market economies, multiparty democracy and pluralism taking root in the region.