Against the backdrop of the ongoing financial crisis within the eurozone, the European Bank for Reconstruction and Development’s (EBRD) work to promote a vibrant and sustainable private sector has never been more important. EBRD President Sir Suma Chakrabarti discussed the role of the state in building a vibrant private sector, arguing that the current global economic downtown once again highlights the overriding importance of rule of law and anti-corruption measures in transitioning economies. Public sector engagement with strong institutional partners and private-sector stakeholders is vitally important in limiting the vulnerabilities of transitioning economies, re-invigorating economic transformations, and in helping economies break out of the middle-income or ‘transition’ trap. Carnegie's Andrew Weiss moderated.

Sir Suma Chakrabarti

Sir Suma Chakrabarti is president of the European Bank for Reconstruction and Development (EBRD). An expert in international development economics and an experienced policymaker, he has led notable development projects in Eastern Europe, as well as the Middle East and North Africa, and served in the UK Treasury and the Cabinet Office.

Andrew S. Weiss

Andrew S. Weiss is vice president for studies of the Carnegie Endowment for International Peace. He served on the National Security Council staff during the Clinton administration.