{"id":70413,"date":"2016-05-11T16:11:12","date_gmt":"2016-05-11T16:11:12","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=51eca5c1839243d524c2c2826fdc2069"},"modified":"2016-05-11T16:11:12","modified_gmt":"2016-05-11T16:11:12","slug":"news-story-british-ebrd-president-suma-chakrabarti-elected-for-second-term-of-office","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=70413","title":{"rendered":"News story: British EBRD President Suma Chakrabarti elected for second term of office"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The Chancellor has welcomed the election of Sir Suma Chakrabarti for a second term as President of the European Bank for Reconstruction and Development (<abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr>). <\/p>\n<p>First elected in 2012, Sir Suma has today ( Wednesday11 May 2016) been formally elected to serve as President for another four years. Under his stewardship, since 2012 the <abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr> has acted flexibly to deliver targeted investment across Europe, against a backdrop of challenging economic and geo-political environments. <\/p>\n<p>Supported by the track record of his first term of office, Sir Suma has shown he is the best person to lead the <abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr> as it expands new markets and leverages private investment in Europe, including supporting small and medium enterprises to grow and expand. <\/p>\n<p>Welcoming the election outcome, George Osborne, Chancellor of the Exchequer said:<\/p>\n<blockquote>\n<p>I am pleased to welcome the appointment of Sir Suma Chakrabarti to a second term of office as President of the European Bank for Reconstruction and Development.<\/p>\n<p class=\"last-child\">Building on his track record of success since 2012, Sir Suma is best placed to lead the institution for a further four years, capitalising on a positive and progressive vision for the <abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr> that steps up its delivery, investment and impact.<\/p>\n<\/blockquote>\n<p>The <abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr> was founded in 1991 with its headquarters in London. <\/p>\n<p>The <abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr> is a global institution with 67 shareholders and operates in over 30 countries across Europe, central Asia and the southern and eastern Mediterranean.<\/p>\n<p>The institution\u2019s mandate is to foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in countries committed to and applying the principles of multiparty democracy, pluralism and market economics.<\/p>\n<p>Governors elect a President for the <abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr> every four years by a majority vote following nominations for the Presidency.<\/p>\n<p>Sir Suma was first elected as President of the <abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr> in 2012, the first British President in the <abbr title=\"European Bank for Reconstruction and Development\">EBRD<\/abbr>\u2019s 25 year history. <\/p>\n<p>Prior to this appointment, Sir Suma was Permanent Secretary of the British Ministry of Justice, and also headed the UK\u2019s Department for International Development. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sir Suma Chakrabarti has been elected to serve as President of the European Bank for Reconstruction and Development for another four years.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/70413"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70413"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/70413\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}