OREANDA-NEWS. August 04, 2008. M. Mered, a member of AUB Board of Directors, has been appointed a councilor of the Board of Directors of KR Development Fund. According to the President press service, Kurmanbek Bakiyev has signed the respective direction, reported the press-centre of AsiaUniversalBank.

Being a specialized financial-crediting institution, established as close corporation with 100% government stake, the Kyrgyz Republic Development Fund is a legal entity. The main objective of the Fund is increasing the national financial assets management’s effectiveness in order to implement the higher-priority and strategic projects, which provide a qualitative growth of the Kyrgyz economy. The decree on the KR Development Fund’s establishment was signed by the President at the beginning of July.

Dr. Michael Mered was elected to AUB Board of Directors in 2007. Dr. Mered possesses a long-term practical experience in work with state structures, international donor organizations as well as with a business sector.

His expertise covers the areas of monetary policy and banking sector development, fiscal policy, exchange rate and trade policies, consulting on the issues of efficient implementation of structural reform measures, in particular, of privatization and civil service reforms, and other state governance related policies. Prior to joining the Board of Directors of AsiaUniversalBank Dr. Mered had worked at the International Monetary Fund (IMF) for about 25 years. In particular, from 2004 to 2006, he held the post of the Resident Representative of the IMF in the Kyrgyz Republic.

Note:
Michael Mered holds a Bachelor’s degree in economics taken at Howard University, Washington D.C., a Master’s degree in economics of growth taken at American University, Washington D.C., and a Doctorate degree in macro and microeconomics, including trade and monetary economics, taken at George Washington University. He is also the author of several publications on fiscal and monetary policies of emerging economies.