The Governors represent the EBRD’s 67 shareholders.
There were two candidates for the position:
- Sir Suma, who was first elected to serve a four-year term in 2012;
- and Marek Belka, the Governor of the National Bank of Poland.
The outcome of the election was decided by secret ballot.
The winning candidate had to receive the votes of at least 34 shareholders (a simple majority of the total) as well as 50 percent + 1 of shareholders’ weighted votes.
Before the election, both candidates gave interviews to the Center for Global Development in Washington. They were both asked the same questions and given time to set out their positions in a podcast.
Please see below the mission statements of the two candidates in the EBRD’s four official languages.