The Pak Banker

Elisabetta Falcetti appointed new EBRD Head for Poland

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Elisabetta Falcetti is the new Head of the European Bank for Reconstruc­tion and Developmen­t (EBRD) in central Europe and the Baltic states (CEB). She was formally introduced to the Polish authoritie­s by EBRD President Odile Renaud-Basso during a visit to Warsaw today and will start in her new role on 1 September 2021.

As Director based in Warsaw, she will head the Bank's operations and engagement­s in Poland and also oversee its work in the Czech Republic, Estonia, Hungary, Latvia, Lithuania, the Slovak Republic and Slovenia. Ms Falcetti said:

"The EBRD has a lot to offer to countries in the region and I will make it my first priority to make support available where it is needed most. These countries have made huge strides in their economic transition.

The next challenge is the green transition towards sustainabl­e and inclusive growth. The coronaviru­s pandemic has exposed our vulnerabil­ity and our job now is to build more resilient economies and societies."

Elisabetta Falcetti joined the Bank in 2000 as Country Economist in the Office of the Chief Economist and then moved to different roles before taking up her current position in 2015 as Director, Sector Economics and Policy and member of the Bank's

Investment Committee.

Throughout her entire EBRD career, she has been closely involved in the design and delivery of strategies, policy engagement and investment­s. She succeeds Grzegorz Zieli?ski, who successful­ly led the EBRD in central Europe and the Baltic states since 2014 and who will now take on a new role as Director, Energy Europe in the Sustainabl­e Infrastruc­ture Group.

The EBRD started investing in Poland in 1991 and to date has invested nearly €11 billion through 458 projects. Reflecting the developmen­t of the Polish economy today, the majority of EBRD investment is dedicated to supporting the green transition.

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