bne IntelliNews – EBRD appoints new Managing Director for Central Asia
The European Bank for Reconstruction and Development (EBRD) has appointed Zsuzsanna Hargitai as the new Managing Director for Central Asia.
Hargitai, of Hungarian nationality, has managed the EBRD’s activities in a number of countries such as Bosnia and Herzegovina, North Macedonia, Hungary and Croatia. She held senior positions at the development bank’s headquarters in London, before becoming Regional Director for the Western Balkans in 2018. As EBRD Managing Director for Central Asia, Hargitai succeeds Andre Kuusvek, who was appointed chairman of Nordic Investment Bank earlier this year.
In her role, Hargitai, currently EBRD Regional Director for the Western Balkans and Head of Serbia, will oversee the bank’s operations in Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and Uzbekistan. To date, the EBRD has invested $ 16.5 billion in nearly 890 projects in the region.
Hargitai will be based primarily in Nur-Sultan, the capital of Kazakhstan. She is expected to take up her new duties on May 17. She will also work at the Bank’s resident office in Tashkent, the Uzbek capital.
“I am very excited about this opportunity to strengthen and further intensify the EBRD’s activities in this strategically important region of the world,” said Hargitai. “Central Asia is very promising and its role will only grow in the years to come. From supporting the private sector to greening local economies, to reducing the infrastructure gap, including digitization, to promoting economic inclusion, the EBRD has important contributions to make to successfully address the challenges. to come up.