Bishkek, Jan.20, 2020. /Kabar/. André Küüsvek has been appointed as Managing Director of the European Bank for Reconstruction and Development (EBRD) for Central Asia, the press service of the Bank’s representative office in Kyrgyzstan said.
According to the Bank’s data, Küüsvek will take up his duties from Feb. 1, 2020 and will be based in the capital of Kazakhstan Nur-Sultan, overseeing the Bank's operations in Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and Uzbekistan.
In previous positions at the EBRD Mr Küüsvek has served as Director for Local Currency and Capital Markets Development as well as country director in Ukraine and Kazakhstan. Mr Küüsvek is a native of Estonia and graduated from the Stockholm School of Economics.
"it is a great honour for me to lead the EBRD’s efforts in such a big and dynamic region. In many respects it feels like coming home to me because of my previous work experience in Kazakhstan. I will continue working on supporting the development of the private sector, the further integration of the region into the global economy and the improvement of the business environment," he said.
New EBRD Managing Director for Central Asia will be responsible for one of the most geographically diverse regions of the Bank’s operations, where the EBRD has invested US$ 15.6 billion (€14 billion).
“As Managing Director for Central Asia he is succeeding Bruno Balvanera, who will pursue new career opportunities outside the EBRD,” the report says.
The European Bank for Reconstruction and Development (EBRD) was established to help build a new, post-Cold War era in Central and Eastern Europe. It has since played a historic role and gained unique expertise in fostering change in the region - and beyond -, investing more than €140 billion in a total of over 5,600 projects.
The EBRD is committed to furthering progress towards ‘market-oriented economies and the promotion of private and entrepreneurial initiative’.
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