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EBRD appoints Estonian Andre Kuusvek managing director for Central Asia

BC, Tallinn, 20.01.2020.Print version
The European Bank for Reconstruction and Development (EBRD) has appointed Andre Kuusvek, an Estonian, as its managing director for Central Asia, informed LETA/BNS.

In previous positions at the EBRD, Kuusvek has served as director for local currency and capital markets development as well as country director in Ukraine and Kazakhstan. Kuusvek is a native of Estonia and graduated from the Stockholm School of Economics.

In his new role, which he will assume on Feb. 1, 2020, Kuusvek will be based in Nur-Sultan, Kazakhstan, and oversee the EBRD's operations in Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan and Uzbekistan. He will be responsible for one of the most geographically diverse regions of the EBRD's operations, where the bank has invested 14 bn euros.

"It is a great honor for me to lead the EBRD's efforts in such a big and dynamic region. In many respects it feels like coming home to me because of my previous work experience in Kazakhstan. I will continue working on supporting the development of the private sector, the further integration of the region into the global economy and the improvement of the business environment," Kuusvek said according to a press release by the EBRD.

As managing director for Central Asia, Kuusvek is succeeding Bruno Balvanera, who will pursue new career opportunities outside the EBRD.

The EBRD was founded in 1991 to create a new post-Cold War era in central and eastern Europe. It is currently active in nearly 40 countries from central Europe to central Asia and the southern and eastern Mediterranean, plus the West Bank and Gaza.

Headquartered in London, the EBRD is owned by 69 countries, as well as the European Union and the European Investment Bank.

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