Heidi Crebo-Rediker and Douglas A. Rediker examine the role of the European Bank for Reconstruction and Development (EBRD) in Ukraine, arguing that the EBRD should shift its resources away from Russia and, in accordance with its mandate, support Ukraine's transition toward democracy and market-oriented economics.
To advise state and local government on how best to use private investment and build more critical infrastructure in a cost-effective way, Heidi Crebo-Rediker recommends the federal government create a new advisory unit within the Treasury Department called "Infrastructure USA."
With opposition to the Russian financial support gaining strength, Ukrainian president Viktor Yanukovych faces a seemingly stark choice. He can bow to Moscow and its offer of cheap gas and easy money, or to the apparent will of Ukraine's people by resurrecting its agreement with the European Union and re-engaging with the International Monetary Fund. Muddling through—as Yanukovych has done for so long—is no longer an option, write Heidi Crebo-Rediker and Douglas A. Rediker.
Heidi Crebo-Rediker served as the State Department's first chief economist. Appointed to this assistant secretary–level position by then secretary of state Hillary Clinton as a centerpiece of her "economic statecraft" initiative, Ms. Crebo-Rediker provided advice and analysis to the secretary on foreign policy issues with a significant economic or financial component.
Prior to this, Ms. Crebo-Rediker was the chief of international finance and economics for the Senate Committee on Foreign Relations, following nearly two decades in Europe as a senior investment banker. In the Senate, she advised then chairman John Kerry on a range of international and domestic economic and financial issues.
Over her investment banking career, she managed businesses ranging from European and emerging-markets debt capital markets to sovereign, supranational, and public sector banking. In this capacity, she managed public and private financings for governments, corporations, and banks, and related advisory work.
On returning to Washington, DC, she was the founding co-director of the Global Strategic Finance Initiative at the New America Foundation. During her time in the Senate, she was the architect of the bipartisan National Infrastructure Bank legislation (BUILD Act) introduced in March 2011 and included in the President Barack Obama's JOBS Act.
Ms. Crebo-Rediker was named one of the Top 25 Women in Business by the Wall Street Journal Europe. She holds degrees from Dartmouth College and the London School of Economics.
1777 F Street, NW Washington, District of Columbia 20006