Minister Donohoe opens selection process for Irish nominee to the European Bank for Reconstruction and Development

The Minister of Finance and Public Expenditure & Reform, Paschal Donohoe T.D. has announced the commencement of a competitive, publically advertised selection process to identify an Irish nominee as Director of the London-based European Bank for Reconstruction and Development (EBRD). This full-time, residential position for a term of three years is advertised on the Department of Finance website (details below) and on PublicJobs.ie.

Commenting on the launch of the process today, Minister Donohoe said: ‘The person appointed as Director will be a significant additional resource for Ireland and a source of informal influence on Ireland’s behalf at the EBRD. The individual will also, by virtue of the post, be in a position to directly shape the EBRD’s investment policies and strategies in the coming years’.

“Given the nature of the post, the Irish Director must have the necessary skills and experience to operate effectively at a very senior level at the Bank and work closely with other international institutions and governments of member countries. The Directors have also to work with the business sector, including finance and industry.

“This Government is committed to open and transparent recruitment and it is therefore most appropriate that we are using a publicly open recruitment process in selecting a nominee and I look forward to reviewing the applications that come from this process.”

Once selected by Government, the proposed nominee will then have to secure the approval of Ireland’s Constituency colleagues (Denmark, Lithuania and Kosovo) followed by the Bank’s Board of Governors representing each Government and shareholder.

The closing date for expressions of interest is 5pm on 17 April and applicants are invited to submit an Expression of Interest and CV to recruitment@finance.gov.ie with the subject EBRD – Director. This should demonstrate their suitability for the post in terms of the skills and experience necessary to effectively undertake the role and responsibilities of Ireland’s EBRD Director.

 

Advertisement – Director at the European Bank for Reconstruction and Development (EBRD)

Personal Requirements for the Post of Director at the European Bank of Reconstruction and Development (EBRD)

EBRD Director – Roles and Responsibilities

 

ENDS

Tuesday, 27 March 2018

 

Contact:

Deborah Sweeney – Press Adviser to Minister Donohoe – 086 858 6878

Aidan Murphy – Press Officer, Department of Finance – 085 886 6667

pressoffice@finance.gov.ie

 

Notes to Editors:

Ireland is a founding member of the European Bank for Reconstruction and Development (EBRD); a development investment bank located in London. It is owned by 66 countries, the European Union and the European Investment Bank. Each shareholder is represented individually on the Board of Governors (by Ministers of Finance) of the EBRD which has the overall authority over the Bank. The Board of Governors delegates most powers to the Board of Directors, which is responsible for the EBRD’s strategic direction.