Contact: Julie Shaw, 202-939-2211
For Immediate Release: October 12, 2000


International Monetary Fund?s Vito Tanzi,
Renowned Economist and Fiscal Policy Expert,
Joins the Carnegie Endowment

Jessica T. Mathews, president of the Carnegie Endowment for International Peace, announced today that Vito Tanzi, director of the fiscal affairs department at the International Monetary Fund, has joined the Endowment?s Global Policy Program as a senior associate in the Economic Reform Project. An economist of international renown, Tanzi has had a distinguished career at the IMF, where he has served for almost three decades. At the Endowment he will examine the changing role of the state in globalization and the role of international financial institutions.

"Vito Tanzi combines tremendous technical economic expertise with a wide-ranging intellectual spirit," Mathews said. "This is reflected in his thought-provoking writings of recent years on globalization. After years heading policy research at the IMF, we are delighted that he has decided to join the Endowment, expanding our leadership in the field of economic research."

A specialist in international economics and fiscal policy, Tanzi has served as director of the fiscal affairs department at the IMF since 1981. In that post, he has worked with fiscal authorities worldwide on issues ranging from tax policy to corruption and money laundering. He started at the IMF in 1974 as chief of the tax policy division. From 1990 to 1994, he also served as president of the International Institute of Public Finance.

Before joining the IMF, Tanzi was professor and chairman of the department of economics at American University. He has also been on the faculty of the George Washington University and a consultant for the World Bank, the United Nations, the Organization of American States, and the Stanford Research Institute. Tanzi received his Ph.D. in economics from Harvard University and has received honorary degrees from the National University of Córdoba (Argentina) and the University of Liège (Belgium). He is a prolific writer and has published widely on fiscal policy and other economic issues in books and journals. He is known for his research on Latin American economies and the so-called Tanzi effect, whereby real tax proceeds are eroded during periods of high inflation. His most recent publications include Public Spending in the 20th Century: A Global Perspective; Policies, Institutions, and the Dark Side of Economics; and Taxation in an Integrating World.

About the Carnegie Endowment for International Peace
Founded in 1910, the Carnegie Endowment for International Peace is a private nonprofit organization dedicated to advancing cooperation among nations and promoting active international engagement by the United States. The Carnegie Endowment?s research projects are grouped in two areas, the Global Policy Program and the Russian and Eurasian Program. The Endowment publishes Foreign Policy magazine and operates the Carnegie Moscow Center to address compelling issues confronting post-communist societies. Visit for more information on programs, staff, and publications.