Dr Heike Harmgart is announced as new Managing Director for the EBRD's southern and eastern Mediterranean region


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EBRD appoints Dr Heike Harmgart as Managing Director for SEMED

EBRD appoints Dr Heike Harmgart as Managing Director for SEMED

Dr Heike Harmgart has been appointed as Managing Director for The European Bank for Reconstruction and Development (EBRD)'s southern and eastern Mediterranean (SEMED) region.

A German national, Dr Harmgart will head up the EBRD’s banking operations in the region, which currently comprises Egypt, Jordan, Lebanon, Morocco, Tunisia and the West Bank and Gaza.

A great privilege to join the EBRD

Dr Harmgart initially joined the EBRD as an economist. She was then appointed EBRD Head in Jordan and subsequently assumed responsibly for the wider eastern Mediterranean region, which includes Lebanon and the West Bank and Gaza as well as Jordan.

Prior to joining the EBRD, Dr Harmgart worked for the Economist Intelligence Unit and the Institute for Fiscal Studies. She holds a PhD in economics from University College London.

“It is a great privilege to take over responsibility for the EBRD’s activities in this key region for the Bank. I look forward to building yet further on the achievements of my predecessors in working to deliver robust and sustainable economies in support of the people who live there,” says Dr Harmgart.

Rapid investment in SEMED region

The EBRD promotes private sector development across 38 emerging economies and started investing in the southern and eastern Mediterranean back in 2012.

The bank has engaged rapidly in SEMED. It has invested over €10 billion, supporting the growth of small and medium-sized enterprises, promoting agribusiness, developing infrastructure and local services and supporting renewable energy and energy efficiency and the development of local capital markets.

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