New Boss For A Bank?

Jacques de Larosi re is likely to be named soon as president of the European Bank for Reconstruction & Development (EBRD)--the Western-financed lending agency for eastern Europe and the former Soviet Union. The appointment of de Larosi re, a governor of the Banque de France and a former managing director of the International Monetary Fund, will help rebuild the credibility of the EBRD. The bank has been badly scarred by the uproar over outgoing President Jacques Attali's free-spending ways.

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