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  1990s »

  Bridging Ancient Divides - 1994

  Founded in the lush Tisza River valley by EWI in 1994, as the next step in developing the Carpathian Euro-region, the Carpathian Foundation assists local institutions and governments by encouraging democratization and sustainable economic development. The Foundation also promotes cross-border assistance programs and helps cement inner-ethnic partnerships. The Foundation operates out of its headquarters in Budapest, Hungary ...more »

  Founded in the lush Tisza River valley by EWI in 1994, as the next step in developing the Carpathian Euro-region, the Carpathian Foundation assists local institutions and governments by encouraging democratization and sustainable economic development. The Foundation also promotes cross-border assistance programs and helps cement inner-ethnic partnerships. The Foundation operates out of its headquarters in Budapest, Hungary and has regional offices in provincial towns in Poland, Romania, Slovakia, and Ukraine.

  In its first six years of operation, the Foundation gave out more than $3.2 million to over 450 local governments and nongovernmental organizations in response to their needs and requests. In the past few years, the organization has worked on a diverse number of issues, including local development of the NGO sector in Hungary, decentralizing the post-communist bureaucracy in Poland, promoting youth group activities in Romania, resolving environmental problems in Slovakia and sponsoring programs for social, cultural, and economic development in Ukraine. It is of significant credit to the Carpathian Foundation that it has achieved financial self-sufficiency, employs local staff, and exhibits a remarkable sense of camaraderie.

  The Carpathian Foundation presents the international community with a bold, proactive model for other troubled regions where long-term suspicions and hostilities have hindered peace, ethnic cooperation and economic progress. By ensuring a higher quality of life and a better standard of living for the inhabitants of the Carpathian Euro-region, the Foundation bestows hope to future generations for continuing peace and prosperity.

  EWI spun off the Carpathian Foundation on December 31, 1999. This is part of an on-going commitment by the EWI Board to build local capacities and spin-off successful centres so that EWI can move into other areas which need it the most. There are independent centres today in Budapest and Warsaw as well as the Carpathian Foundation in Kosice that were once EWI centres. This "greenhouse" practice is an important part of the EWI mission.

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  Submitted by stojanovski.dragan 2 years ago

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  1990s »

  The Debt Bomb & the Collapsing Cores - 1992

  By the end of the 1980s, concerned businessmen and philanthropists were aware of a potential disaster looming on the horizon. The United States had been running enormous deficits for more than a decade and the cost to the Federal government was ballooning into the trillions of dollars. At precisely this time period the Cold War was ending, and debates about a Marshall Plan for Eastern Europe were beginning in earnest. ...more »

  By the end of the 1980s, concerned businessmen and philanthropists were aware of a potential disaster looming on the horizon. The United States had been running enormous deficits for more than a decade and the cost to the Federal government was ballooning into the trillions of dollars. At precisely this time period the Cold War was ending, and debates about a Marshall Plan for Eastern Europe were beginning in earnest. The debt issue was a dark cloud hanging over any significant economic initiatives. As some noted, the debt bomb may turn out to be more dangerous to the future of Europe than the atomic bomb.

  By early 1992, it was obvious that there would be no Marshall Plan for the East. Western governments were applying piecemeal solutions and high-priced consultants as an answer to hyperinflation and unemployment - notwithstanding that these were the same dynamics that brought down the Weimar government in Germany and the nascent democracies of Central-East Europe in the Thirties. EWI has been good at sensing high-leverage gaps where a modest investment can pay off with serious results. Our decision to open the EWI Banking and Financial Assistance Centre in Budapest was based on knowledge that hundreds of banks and financial institutions were passing into new hands but these senior managers often had no prior experience. Overwhelmed and unwilling to "come clean" with a younger generation of colleagues in the many banking seminars being offered by the West, these managers were in a quandry. EWI created an institution, financed and staffed largely by European and U.S. banks. After several years, most top managers have taken several EWI courses.

  The Budapest based Banking and Finance Assistance Centre, conceived by EWI Director Anthony Solomon, former President of the Federal Reserve Bank of New York, launched a series of targeted training seminars bringing bankers together from Eastern Europe and the West to educate the top managers on reforming and operating financial institutions. To better support financial sector reforms, EWI's Warsaw Centre published the International Task Force on Western Assistance to the Transition in the Czech and Slovak Federal Republic, Hungary and Poland, examining the assistance process to date, identifying strengths and weaknesses and making policy recommendations to improve Western aid. The first attention to long-term unemployment came from the EWI Prague Centre's publication Removing the Barriers: Strategies for Assisting the Long-term Unemployed, investigating global best practices relevant to Central Europe.

  Since the relative health of the commercial banking sector and capital markets would ultimately determine the development of civil society as a whole, the Institute together with the Harvard Business School faculty fashioned an exhaustive case study of the successes and shortcomings of the Czech economic transformation. Analyzing the policy failures leading to the Czech economic downturn of 1997, the assessments are commonly used by Czech and other regional policy makers in their efforts to determine choice points and consequences in transition economies.

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