How we are structured

Board of Governors

The Board of Governors is the highest decision making body of the Bank. It is comprised by one Governor and one Alternate Governor appointed from the 11 Member States of the Bank. Each Governor and each Alternate Governor shall serve at the pleasure of the appointing Member. The Board of Governors may delegate to the Board of Directors any or all of its powers, except the power to, among other things, to amend the Agreement Establishing the Bank, to approve the admission of new Members, to authorize any changes in the Bank’s capital stock and to terminate the operations of the Bank. The Board of Governors approves the annual report, the audited financial statements and appoints the President of the Bank. At its annual meeting, the Board shall elect one of the Governors as Chairman, who shall hold office until the election of the next Chairman at the next annual meeting of the Board. The Chairmanship rotates amongst the Member States.

Country

Governor

Alternate Governor

Albania

Mr. Endrit YZEIRAJ

Deputy Minister of Finance

Ms. Kesjana HALILI
General Director of State Debt, Ministry of Finance

Armenia

Mr. Arthur JAVADYAN

Ambassador -at large- Chairman of the Board of the Centre for Economic Perspectives Foundation

Mr. Vahan AVETISYAN
Director, Financial Control and Licensing Department, Central Bank of Armenia

Azerbaijan

Mr. Sahil BABAYEV
Minister of Finance

Mr. Mikayil JABBAROV

Minister of Economy

Bulgaria

Ms. Lyudmila PETKOVA

Director, Public Financial Inspection Agency

Ms. Gergana BEREMSKA

Director, International Financial Institutions and Cooperation Directorate, Ministry of Finance

Georgia

Ms. Natia TURNAVA
Governor, National Bank of Georgia

Mr. Lasha KHUTSISHVILI
Minister of Finance

Greece

Mr. Nikos PAPATHANASIS

Alternate Minister of National Economy & Finance

Position Vacant

Moldova

Msr. Andrian GAVRILIŢĂ

Minister of Finance

Position Vacant

Romania

Mr. Florin-Alexandru Zaharia

Secretary of State, Ministry of Finance

Ms. Boni Florinela Cucu
General Director, General Directorate for ECOFIN, Financial Assistance and International Financial Relations, Ministry of Finance

Russia

Mr. Pavel SNISORENKO
Director, Department for International Financial Relations, Ministry of Finance

Position Vacant

Türkiye

Mr. Osman ÇELİK
Deputy Minister of Treasury & Finance

Position Vacant

Ukraine

Mr. Oleksii SOBOLEV
Minister of Economy, Environment and Agriculture

Mr. Volodymyr KUCHYN

Acting Director, International Cooperation Department, National Bank of Ukraine