ECONOMY FINANCE&BANKING

Former BNR Vice-Governor Popa, appointed new EIB Vice-President

Former Vice-Governor of the National Bank of Romania (BNR) Cristian Popa has been appointed Vice-President of the European Investment Bank (EIB). He will take up his duties on 1 March 2016, the EIB reported on Friday in a press statement to Agerpres.

“Cristian Popa has been appointed Vice-President and member of the Management Committee of the European Investment Bank (EIB) by the Bank’s Board of Governors, consisting of the 28 European Union Finance Ministers,” the statement says.

Cristian Popa was appointed by the EIB’s Board of Governors on the basis of a proposal from the Minister of Finance of Romania.

“It is an honour and a privilege to join the European Investment Bank’s Management Committee and I look forward to supporting the Bank’s engagement in Romania, across Europe, and around the world. Over the last 25 years the European Investment Bank has played a crucial role in supporting improved economic opportunities, access to finance, innovation and infrastructure both in Europe and beyond and I look forward to contributing to its work as a team and building on this notable track record and proven experience,” said Vice-President Cristian Popa.

Prior to his appointment at the EIB Cristian Popa was Deputy Governor of the National Bank of Romania (BNR). In this capacity, he coordinated the monetary policy, research, publications, econometric modelling and forecasting, European affairs and international relations, as well as financial stability departments. His responsibilities included heading the BNR task force responsible for inflation targeting, coordinating BNR participation in the sovereign ratings agency and investment bank dialogue, and playing a key role in BNR negotiations and day-to-day work with international financial institutions, the statement adds.

Popa additionally served as alternate World Bank governor for Romania and as member of the ECB International Relations Committee and of the Economic and Financial Committee (EFC). He was also alternate member for Romania of the ECB General Council.

Popa has a Doctorate in Economic Sciences, with a specialization in International Economics/Comparative Monetary Policy, from the Faculty of International Economic Relations of the Bucharest Academy for Economic Studies. In September 1994 he earned a Fulbright fellowship with the Harvard University GSAS Department of Economics. He was also visiting scholar with the University of Michigan Ann Arbor and ACE-PHARE research fellow with the NIESR in London, both in 1997.

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