Brainy Beata bags chief economist slot at EBRD, becoming first woman EVER to hold the job
The European Bank for Reconstruction and Development (EBRD) has appointed a Pole as its new chief economist.
Beata Javorcik, who will join the bank on 1 September, will be the first woman to hold the position.
The EBRD is the latest international institution to appoint a woman as its chief economist; Javorcik will join the ranks of the IMF’s Gita Gopinath, the World Bank’s Pinelopi Koujianou Goldberg and the OECD’s Laurence Boone.
“I know that Beata Javorcik will make a huge contribution to the Bank’s work. As Chief Economist she will help to drive the positive impact that the EBRD makes in the countries where it invests in improving lives,” said EBRD President Suma Chakrabarti.
Established in 1991, the EBRD was founded to help build a new era in Central and Eastern Europe after the fall of communism, supporting “market-oriented economies and the promotion of private and entrepreneurial initiative”, according to its website.
From its headquarters in London, it has invested more than a total of 130 billion euros in over 5,200 projects. Since the 1990s, the bank has expanded its area of operation to countries ranging from Mongolia to Morocco.
In Poland, the EBRD concentrates on supporting the low-carbon economy, increasing the private sector’s role and helping develop a sustainable financial sector and capital markets. It has supported 408 projects in Poland to date, including providing a loan for purchasing trains for the Warsaw metro.
Javorcik currently holds the Statutory Professorship in Economics at the University of Oxford, the first woman to do so. Earlier, she worked at the World Bank in Washington DC. She has a PhD in Economics from Yale University.
“My research explores how transition economies and developing countries can harness globalisation to stimulate economic growth,” said Javorcik.
“As EBRD Chief Economist I look forward to making a concrete contribution for the benefit of the Bank’s countries of operations,” she added.
She will replace Sergei Guriev, who held the post of chief economist since January 2016, will now return to his previous position at Sciences Po in Paris.