Ceyla Pazarbasioglu
Encyclopedia
Ceyla Pazarbasioglu is a Turkish
economist
. As of January 2010 she is an assistant to the director of the International Monetary Fund
's (IMF) Monetary and Capital Markets department and will in charge of financial supervision.
and she a Ph.D. in Economics from Georgetown University
.
From 1992 and 1998, Pazarbasioglu was an Economist at the International Monetary Fund
(IMF), providing technical assistance to the Czech Republic, Poland, Turkey, Ghana, Korea, Thailand, Russia, and some of the component states of the CIS. After leaving the IMF, she was Chief Economist at ABN AMRO
UK until 2001.
From July 2001 to June 2003, Pazarbasioglu was Vice President of the Banking Regulatory and Supervisory Agency of Turkey.
. In December 2009 she was replaced by Athanasios Arvanitis. The IMF stressed that the reshuffle was not linked to developments in Ukraine.
As a result of the 2008–2009 Ukrainian financial crisis
the IMF approved a $16.4bn loan to Ukraine to bolster its economy in November 2008. As Chief of the IMF Ukraine mission, Pazarbasioglu warned Ukraine in October 2009 that increases in government spending risked future IMF aid. Despite this warnings Ukrainian President Yushchenko
approved an increase in social spending in November 2009 that (according to annalists) will highly increase the government deficit, Prime Minister
Yulia Tymoshenko
was against this law. Annalists saw Yushchenko's move as part of the Ukrainian presidential election, 2010
campaign and as part of the long-lasting political struggle between him and Tymoshenko. Increasing social spending has been a major vote-winner in previous Ukrainian elections. The law was submitted by the Bloc of Lytvyn and supported by the Party of Regions
of fellow presidential candidate Viktor Yanukovych
.
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. As of January 2010 she is an assistant to the director of the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
's (IMF) Monetary and Capital Markets department and will in charge of financial supervision.
Biography
Pazarbasioglu has B.S. in Economics from the Bosphorus University in IstanbulIstanbul
Istanbul , historically known as Byzantium and Constantinople , is the largest city of Turkey. Istanbul metropolitan province had 13.26 million people living in it as of December, 2010, which is 18% of Turkey's population and the 3rd largest metropolitan area in Europe after London and...
and she a Ph.D. in Economics from Georgetown University
Georgetown University
Georgetown University is a private, Jesuit, research university whose main campus is in the Georgetown neighborhood of Washington, D.C. Founded in 1789, it is the oldest Catholic university in the United States...
.
From 1992 and 1998, Pazarbasioglu was an Economist at the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
(IMF), providing technical assistance to the Czech Republic, Poland, Turkey, Ghana, Korea, Thailand, Russia, and some of the component states of the CIS. After leaving the IMF, she was Chief Economist at ABN AMRO
ABN AMRO
ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
UK until 2001.
From July 2001 to June 2003, Pazarbasioglu was Vice President of the Banking Regulatory and Supervisory Agency of Turkey.
2008-2009 IMF Ukraine mission
From October 2008 till December 2009 Pazarbasioglu was the Chief of the International Montetary Fund's mission to UkraineUkraine
Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
. In December 2009 she was replaced by Athanasios Arvanitis. The IMF stressed that the reshuffle was not linked to developments in Ukraine.
As a result of the 2008–2009 Ukrainian financial crisis
2008–2009 Ukrainian financial crisis
Ukraine was hit heavily by the late-2000s recession, the World Bank expects Ukraine's economy to shrink 15% in 2009 with inflation being 16.4%....
the IMF approved a $16.4bn loan to Ukraine to bolster its economy in November 2008. As Chief of the IMF Ukraine mission, Pazarbasioglu warned Ukraine in October 2009 that increases in government spending risked future IMF aid. Despite this warnings Ukrainian President Yushchenko
Yushchenko
Yushchenko is a Ukrainian surname.*Viktor Yushchenko, is the third President of Ukraine*Kateryna Yushchenko, the wife of Viktor Yushchenko...
approved an increase in social spending in November 2009 that (according to annalists) will highly increase the government deficit, Prime Minister
Prime Minister of Ukraine
The Prime Minister of Ukraine is Ukraine's head of government presiding over the Cabinet of Ministers of Ukraine, which is the highest body of the executive branch of the Ukrainian government....
Yulia Tymoshenko
Yulia Tymoshenko
Yulia Volodymyrivna Tymoshenko , née Grigyan , born 27 November 1960, is a Ukrainian politician. She was the Prime Minister of Ukraine from 24 January to 8 September 2005, and again from 18 December 2007 to 4 March 2010. She placed third in Forbes Magazine's List of The World's 100 Most Powerful...
was against this law. Annalists saw Yushchenko's move as part of the Ukrainian presidential election, 2010
Ukrainian presidential election, 2010
The Ukrainian presidential election of 2010 is Ukraine's fifth presidential election since declaring independence from the Soviet Union in 1991. The first round was held on January 17, 2010...
campaign and as part of the long-lasting political struggle between him and Tymoshenko. Increasing social spending has been a major vote-winner in previous Ukrainian elections. The law was submitted by the Bloc of Lytvyn and supported by the Party of Regions
Party of Regions
The Party of Regions is an Ukrainian political party created on October 26, 1997 just prior to the 1998 Ukrainian parliamentary elections under the name of Party of Regional Revival of Ukraine. It was reformed later in 2001 when the party united with several others...
of fellow presidential candidate Viktor Yanukovych
Viktor Yanukovych
Viktor Fedorovych Yanukovych is a Ukrainian politician who has been the President of Ukraine since February 2010.Yanukovych served as the Governor of Donetsk Oblast from 1997 to 2002...
.
External links
- IMF Mission Chief for Ukraine Comments on $16.5 Loan Package for Kyiv - Voice of AmericaVoice of AmericaVoice of America is the official external broadcast institution of the United States federal government. It is one of five civilian U.S. international broadcasters working under the umbrella of the Broadcasting Board of Governors . VOA provides a wide range of programming for broadcast on radio...
interview (November 13, 2008) - IMF Urges Ukraine To Stick With Recovery Policies - International Monetary FundInternational Monetary FundThe International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
interview (November 4, 2009)