US News Frenchwoman Odile Renaud-Basso becomes the first woman to lead the EBRD

18:05  08 october  2020
18:05  08 october  2020 Source:   ouest-france.fr

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Odile Renaud-Basso © A.Salesse. Minefi Odile Renaud-Basso

This 55-year-old director general of the Treasury was elected president on Thursday against former Italian finance minister Pier Carlo Padoan. She is the first woman to take over the presidency of the European Bank for Reconstruction and Development.

The European Bank for Reconstruction and Development (EBRD) elected the Frenchwoman Odile Renaud-Basso as new leader during its general assembly which was held on Wednesday and Thursday, October 8, 2020 in a virtual manner due to the pandemic coronavirus .

Current Director General of the Treasury, Odile Renaud-Basso, 55, is the first woman to hold this position. She faced in this race notably the former Italian finance minister, Pier Carlo Padoan.

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In 2016, she was also the first woman to take the reins of the Treasury Department, one of the main departments of the Ministry of the Economy and Finance, often considered the brain of Bercy.

A general assembly postponed because of the Covid-19

It will take up its functions later in the year and takes over from the British Suma Chakrabarti, who had resigned in July after having headed the bank since 2012.

The EBRD governors elected Frenchwoman Odile Renaud-Basso as the next president, writes the EBRD in a press release.

The organization’s annual meeting was postponed from May to October due to containment measures due to the novel coronavirus pandemic. Acting President Jurgen Rigterink congratulated the new head of the institution, saying she would bring enormous international experience.

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A senior official who heads the Paris Club

The new president said she was honored, adding that she looks forward to working with shareholders, management and employees in the coming months to put in place the ambitious roadmap that comes to be validated during the annual general meeting.

This enarque passed by Science Po, a graduate of the American University of Harvard spent part of her career at the Treasury but was also deputy chief of staff of Matignon at the time of Jean-Marc Ayrault, and deputy chief executive officer of the Caisse des Dépôts.

She has also held leading positions in European economic and financial bodies, the G7 and the G20, and currently heads the Paris Club.

The EBRD, a bank created after the Fall of the Wall

The EBRD has had six presidents since 1991 - three French, two Germans and one British - including Jacques Attali, who had launched the idea to President François Mitterrand of creating this bank.

Based in London, the EBRD was created after the fall of the Berlin Wall to help the former eastern countries in their transition to a market economy. But since the financial crisis of 2007-2008, it has greatly extended its activities, always in favor of economic development, but also more recently the fight against global warming.

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This is interesting!