The Role of International Organisations in Central and Eastern Europe

The international (financial) organisations had a leading role in the transformation process of Central and Eastern Europe, although most of them were not designed for this task. They learnt some valuable lessons out of more than 15 years of transition and were trying to adapt their strategies to the consequences of the reforms in this transformation process. Nevertheless, there could have been a better way of transformation in Eastern Europe which could have avoided the strong GDP fall in the 1990s.