NEW CAPITAL BRINGS RENEWED VIGOR TO A NEW EUROPE

Views on BG | February 22, 2002, Friday // 00:00

Abstracted from the Associated Press

An unprecedented gathering in Prague this Spring will address new financing tools for the intensifying urban and infrastructure development needs of the nations of Central and Eastern Europe. Senior government officials and financing practitioners will speak at The Conference on Sub-Sovereign Finance in the New Europe -- including mayors of major cities in the region, top government financial regulators, bankers from throughout the European Union, and legal specialists from Bulgaria, Poland, the United Kingdom and the United States.

"To meet the growing needs of the Central and Eastern European states of the New Europe, new sources of public capital must drive a vast building effort of public facilities in cities large and small," said Roy J. Koegen, a leading American organizer of the conference. "Ensuring a new infusion of capital for local government investment will be critical if the Central and Eastern European states of the New Europe are to achieve their goals for economic growth, social cohesion and resilient democracy," added Stephen J. Weinstein, co-chair of the conference.

The American Bar Association, together with The Bond Market Association and the credit rating agency Standard & Poor's, today announced the schedule of topics and the agenda of speakers for The Conference on Sub-Sovereign Finance in the New Europe. The conference will be held on Monday, April 15 and Tuesday, April 16 in Prague, the capital of the Czech Republic.

The Conference on Sub-Sovereign Finance in the New Europe will provide perspective on public policy, legislative, legal and financial building blocks. It will advance the dialogue for nations throughout the region, including Albania, Bosnia, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldavia, Poland, Romania, Russia, Slovakia, Slovenia, Ukraine and Yugoslavia. This conference will be a "one-stop shop" for those seeking expertise on the techniques and potentials of sub-sovereign finance, including credit markets, legal systems, financial instruments and government oversight.

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