Econostrum | Economic News in the Mediterranean

France's Odile Renaud-Basso takes office as President of the EBRD

Written by Frédéric Dubessy on Monday, November 2nd 2020 à 14:46 | Read 547 times

Odile Renaud-Basso takes the head of the EBRD (photo: EBRD)
Odile Renaud-Basso takes the head of the EBRD (photo: EBRD)
EU. Odile Renaud-Basso officially enters, Monday, November 2, 2020 in London, in her functions as president of the European Bank for Reconstruction and Development (EBRD). She succeeds Sir Suma Chakrabarti, who has served two four-year terms.

The Stéphanoise, previously Director General of the French Treasury (from 2 June 2016 to 2 November 2020), and Vice-President of the European Economic and Financial Committee (G7 and G8 groups), was elected to this position in October 2020 during the bank's annual meeting in virtual session. She also served from 2005 to 2010 as Director of Economic and Financial Affairs at the European Commission and from 2010 to 2012 as Deputy Head of Cabinet of the President of the European Council Herman Van Rompuy, with particular responsibility for managing the crisis in the euro zone. She then became Deputy Chief Executive Officer of the Caisse des dépôts et consignations in France and then Acting Director.

"Today is the beginning of a new chapter for me and the EBRD. These are difficult times and I have been very impressed by the bank's efforts to help our countries of operations and our clients cope with the economic impact of Covid-19. We have our roadmap for the next five years, the strategic and financial framework, approved by the shareholders at the annual meeting in October, and we will now work together to achieve the priorities it contains", comments Odile Renaud-Basso.

A graduate of the Institut d'Etudes Politiques de Paris (Sciences Po) in 1987, a former student of the Ecole Nationale d'Administration (ENA) in 1990 and having also studied at the John F. Kennedy School of Government at Harvard University in 1993, she has also served as a governor of the EBRD and the African Development Bank (AfDB).

The EBRD invests in thirty-eight emerging economies in Europe, Africa, and Asia, primarily promoting sustainable private sector development.



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