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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 flag Albania

Ms. Adela XHEMALI

Deputy Minister of Finance and Economy

Position Vacant

Armenia flag Armenia

Mr. Arthur JAVADYAN

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

Mr. Davit NAHAPETYAN
Board Member, Central Bank of Armenia

Azerbaijan flag Azerbaijan

Mr. Samir SHARIFOV

Minister of Finance

Mr. Mikayil JABBAROV

Minister of Economy

Bulgaria flag Bulgaria

Ms. Lyudmila PETKOVA

Deputy Prime Minister and Minister of Finance 

Ms. Gergana BEREMSKA

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

Georgia flag Georgia

Position Vacant

Mr. Lasha KHUTSISHVILI
Minister of Finance

Greece flag Greece

Mr. Nikos PAPATHANASIS

Alternate Minister of National Economy & Finance

Position Vacant

Moldova flag Moldova

Mr. Petru ROTARU

Minister of Finance

Position Vacant

Romania flag Romania

Ms. Carmen MORARU 

Secretary of State, Ministry of Public Finance 

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

Russia flag Russia

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

Position Vacant

Türkiye flag Türkiye

Mr. Osman ÇELİK
Deputy Minister of Treasury & Finance  

Position Vacant

Ukraine flag Ukraine

Ms. Yuliia SVYRYDENKO
First Deputy Prime Minister & Minister of Economy

Mr. Volodymyr KUCHYN
Head of Office for European Integration and International Programs, National Bank of Ukraine