• The European Bank for Reconstruction and Development (EBRD) has made the appointment official at the Annual Meeting that takes place today and tomorrow in Sarajevo
  • It is a rotating position for a period of one year. The members of the Board of Governors make this position compatible with their respective positions in the countries and institutions they represent

    The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has made official today the appointment of the acting Minister of Economy and Business, Nadia Calviño, as its new president. The appointment as Chair of the Board of Governors has taken place at the Annual Meeting and Business Forum of the EBRD held today and tomorrow in Sarajevo (Bosnia and Herzegovina).

    The Acting Minister assumes the Presidency of the Board of Governors until the next annual meeting, in May 2020. She replaces Vice President of the European Commission Jyrki Katainen in this rotating position. The Board of Governors is made up of representatives of the countries and institutions that are part of the EBRD, which make this function compatible with their respective positions.

    Among the issues that the Board of Governors must decide in the next twelve months are the appointment of a new president of the EBRD and the Bank's strategy for the period 2021/2025.

    The European Bank for Reconstruction and Development was created in 1991 to support the transition to a market economy in the countries of Central and Eastern Europe. Today it has 67 members and also operates in Asia and the southern Mediterranean. Spain is a founding member of the EBRD and has a 3.4% stake in its social capital.

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