EBRD Names New Head For SEMED Region
Date
9/19/2024 3:10:19 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 19. The European
Bank for Reconstruction and Development (EBRD) has named Mark Davis
as its new Managing Director for the Southern and Eastern
Mediterranean (SEMED) region, Trend reports.
According to the bank, he will officially assume the role on
October 1, 2024, succeeding Heike Harmgart, who has recently been
appointed EBRD Managing Director for Sub-Saharan Africa.
An American national, Davis currently serves as the EBRD's
Regional Head for Central Europe, overseeing operations in Croatia,
Czechia, Hungary, Slovakia, and Slovenia.
Expressing his enthusiasm for the new position, Davis stated, "I
am excited to lead the Bank's efforts in the SEMED region and
further strengthen the economies where we invest. Building on my
predecessor's achievements, I aim to accelerate the green
transition, enhance corporate sector competitiveness, boost
financial sector resilience, and promote inclusion and
digitalization."
The EBRD began its operations in the SEMED region in 2012 and
has since invested over €22.3 billion across 414 projects. These
investments have supported the growth of small and medium-sized
enterprises, promoted agribusiness, developed infrastructure and
local services, and advanced renewable energy and energy
efficiency, as well as the development of local capital
markets.
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