EBRD appoints new Managing Director for Turkey and Caucasus

BAKU. June 17 (Interfax) - The European Bank for Reconstruction and Development has appointed Elisabetta Falcetti as its new Managing Director for Turkey and the Caucasus, the EBRD said in a press release.

Falcetti currently serves as Director, Regional Head of Poland and the Baltic States. She starts her new role on August 1.

"We will continue to deliver on our priorities as set in our country strategy by accelerating the green transition, strengthening the resilience of the financial sector, promoting inclusion and developing the country's knowledge economy. We also remain committed to supporting the country in its reconstruction of the earthquake-hit cities," Falcetti said. "We [have] witnessed once again the potential of the Caucasus. We will continue our work to develop the economies of Armenia, Azerbaijan and Georgia by supporting the private sector and key infrastructure development through investment and policy dialogue for reform," she said.

Falcetti joined the EBRD in 2000.

The EBRD is one of Turkey's key investors, with 19.8 billion euros invested through 442 projects and trade finance limits since 2009. Across the Caucasus region the bank's total investments to date is 2.4 billion euros in Armenia, 3.7 billion euros in Azerbaijan and 5.3 billion euros in Georgia.