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News Release

The Stavros Niarchos Foundation Generously Extends Annual Lecture Series at PIIE

April 29, 2013

WASHINGTON—The Peterson Institute for International Economics is pleased to announce that the Stavros Niarchos Foundation has awarded PIIE a major grant to continue its annual Stavros Niarchos Foundation Lecture series for three more years. Each May, the Stavros Niarchos Foundation Lecture enables the Institute to present a leading figure in global economic policy-making and thinking for a major address on a topic of central concern to the US and international policy communities.

"Since 2001, the Stavros Niarchos Foundation has generously supported PIIE's signature annual event," said Adam S. Posen, president of the Peterson Institute. "The Foundation has been an incredibly strong supporter of the Institute's mission, and we are excited to continue bringing the world's economic leaders to address our audiences."

The inaugural Stavros Niarchos Foundation Lecture was delivered by Alan Greenspan, then chairman of the Federal Reserve board, in 2001. Subsequent presenters have been Petr Aven, Chairman of the Board of Directors of Alfa Bank; Niall Ferguson, Laurence A. Tisch Professor of History at Harvard University; John Lipsky, then acting Managing Director of the International Monetary Fund; Mario Monti, former commissioner of the European Union and former Prime Minister of Italy; Nandan M. Nilekani, former co-chairman of the Board of Directors, Infosys Technologies, LTD; Lawrence H. Summers, former Secretary of the Treasury and later director of the White House's National Economic Council; Heizo Takenaka, former minister for economic policy of Japan; Jean-Claude Trichet, former President of the European Central Bank; Long Yongtu, former vice minister of China's Ministry of Foreign Trade and Economic Cooperation; and Ernesto Zedillo, former president of Mexico.

With the enthusiastic endorsement of PIIE's Executive Committee, the Institute has selected C. Fred Bergsten, its director emeritus, to deliver the 2013 Stavros Niarchos Foundation Lecture on May 16. Dr. Bergsten co-founded the Institute in 1981 and served as its director from its founding until December 2012. He remains active at the Institute as senior fellow and director emeritus.

The Stavros Niarchos Foundation is one of the world's leading international philanthropic organizations, making grants in the areas of arts and culture, education, health and medicine, and social welfare. The Foundation funds organizations and projects that exhibit strong leadership and sound management and are expected to achieve a broad, lasting, and positive social impact. The Foundation generously supported the Institute's recent major program on "Ethics and Globalization: The Tradeoffs Underlying Our Policy Choices." The keystone conference featured a distinguished group of economists, philosophers, political scientists, and policymakers engaged in an interdisciplinary discussion of fundamental issues underlying economic policy decisions. Participants addressed the challenges of considering duties to domestic versus global welfare, balancing economic goals between generations, expecting ethical duties from private actors, and reconciling global governance and local accountability.

Andreas C. Dracopoulos, director and co-president of the Stavros Niarchos Foundation, is a member of the PIIE Board's Executive Committee. His and co-president Spyros Niarchos's generous support will enable PIIE to continue bringing the world's brightest economic minds to speak at the Institute.

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About the Peterson Institute

The Peterson Institute for International Economics is a private, nonprofit institution for rigorous, open, and intellectually honest study and discussion of international economic policy. Its purpose is to identify and analyze important issues to making globalization beneficial and sustainable for the people of the United States and the world and then to develop and communicate practical new approaches for dealing with them. The Institute is widely recognized as nonpartisan.