25 Years of Transition

By iMFdirect

What a difference 25 years can make. The fall of the Berlin Wall on November 9, 1989 was  a day that changed world history and transformed Europe.

Central and Eastern Europe embarked on a historic transition from communism to capitalism and democracy. We thought this landmark anniversary was a good time to look back at the achievements and also forward to the future, as we do in a new IMF report on 25 Years of Transition. The IMF's First Deputy Managing Director David Lipton also gave a recent speech in Warsaw, Poland on this important chapter in history.

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