Chakrabarti re-elected as EBRD president for second four-year term

News | 17 May 2016

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Sir Suma Chakrabarti, born in 1959 in West Bengal, India, and a British citizen, is the sixth president of the European Bank for Reconstruction and Development (EBRD).

The EBRD's board of governors re-elected Chakrabarti as its president for a second four-year term in 2016 during its AGM on 11 May 2016 in London. He began his first term in 2012, having replaced Germany’s Thomas Mirow.

He has extensive experience in international development economics and policy-making, as well as in designing and implementing wider public service reform.

Before arriving at the EBRD, he held the position of permanent secretary at the British Ministry of Justice and was its most senior civil servant. Before this, from 2002, he headed the UK’s Department for International Development (formerly the Overseas Development Administration (ODA) ) where he worked closely with economies undergoing substantial reform in eastern Europe, the former Soviet Union and the Middle East and North Africa. 

During the late 1990s, he worked in the UK Treasury, where he was responsible for UK public expenditure, and in the early 2000s in the Cabinet Office, where he led on cross-departmental strategic issues and subsequently the management of the Cabinet agenda.

After studying Politics, Philosophy and Economics at the University of Oxford, Sir Suma took a Masters in Development Economics at the University of Sussex. He also holds honorary doctorates from the Universities of Sussex and East Anglia and the Bucharest University of Economic Sciences.

Outlook for next 25 years

In a statement published on the EBRD website on 17 May 2016, he states, "We will help to build the economic resilience of our countries to enable them to better withstand external shocks; we will work to integrate them better in to their regional and the global economy; and we will help them to combat common global challenges, such as climate change and food security."

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