Investment and poverty: The role of the International Financial Institutions: The Jacques de Larosière Lecture

Nicholas Stern

The Economics of Transition, 2001, vol. 9, issue 2, 259-280

Abstract: The European Bank for Reconstruction and Development (EBRD) is a unique institution with an inspiring and challenging mandate. I look back on the six years I spent with you as a most productive and cheerful period of my working life. And it is a great honour to give a lecture bearing the name of Jacques de Larosière. Like many of you, I learned enormously from him and owe him an immense debt. And even as bankers, we must recognize that there are some debts that it is a privilege to bear. Jacques is a very special figure in the international community. He is someone who, through his outstanding abilities, personality, dedication and charm, has changed the shape of development and progress in the global economy of the last fifty years. Giving this lecture in his name means a great deal to me, and I would like to thank Jean Lemierre and the Executive Committee of the EBRD for the invitation.

Date: 2001
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