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EurOrient Chairman Ron Nechemia’s Profile    by Grece Chen

Mr. Ron Nechemia is a founding member of the EurOrient Financial Group (“EurOrient”) and its various affiliate development financial institutions and the founding father of private sector development banking. Founded in 1988, the EurOrient is a private sector global development finance institution accredited by United Nations General Assembly on Financing for Development. Its mission is to support the economic and social development efforts of the less developed countries as they, in particular, seek to achieve the Millennium Development Goals (“MDGs”).

Mr. Nechemia serves as the Chairman of the Board of Governors and Chief Operation Officer of the EurOrient Financial Group, with the overall responsibility for the bank wide operations. Mr. Nechemia responsibility including the formulation and execution of EurOrient’s institutional development plans as well as the formulation and implementation of its global business development strategy along with the development and the delivery of EurOrient’s financial Group products and services. Since 1988, Mr. Nechemia has directed the internal growth of the EurOrient Financial Group and has significantly expanded its global presence.

Mr. Nechemia recognized at the beginning of the new millennium that the world is radically different from when the EurOrient Financial Group was created 18 years ago. In half a century, it has changed in almost every respect and with a speed such as humanity has never witnessed before. As a response, Mr. Nechemia have set out for the EurOrient Financial Group in the aftermath of the 2005 World Summit an Agenda for Work and Agenda for Development containing detailed suggestions for future international action to be taken by .
On 16 April, 2006, Mr. Nechemia outlined to the Treasury Board Secretariat of the EurOrient Financial Group his vision for a comprehensive reform of the EurOrient Financial Group and the transformation of the EurOrient into a full-fledged private sector global development bank responding to a wide range of development needs, as it evolves from a mere project financier, which included the advancement of Partnership for Development agenda and measures to improve management and accountability throughout the Organization.

On July 7, 2006, Mr. Nechemia presented to the Treasury Board Secretariat of the EurOrient Financial Group his proposals for a fundamental overhaul of the EurOrient Financial Group and its affiliated development financial institutions[1]. The reform report is entitled: ‘Building a Twenty-First Century Development Bank: New Challenges, New Priorities’.

On August 30, 2007, Mr. Nechemia presented to the Treasury Board Secretariat of the EurOrient Financial Group his analysis and recommendations for updating the entire work programme of the EurOrient over the last 19 years. The report is entitled: ‘Mandating and Delivering: Private Sector Road for Development

RON NECHEMIA CONTRIBUTIONS TOWARD UN HIGH-LEVEL POLICY DIALOG

As the founding father of private sector global development banking and as an original participant at the convening of the first International Summit on Financing for Development was held from 18-22 March 2002 in Monterrey, N.L., Mexico, Mr. Ron Nechemia brings a unique and historical perspective to the dialogue and the issues. Mr. Nechemia’s attendance along with the solicitation of his ideas was extended via a United Nations General Assembly resolution (55/245A and B, respectively,) in which the Assembly decided to convene, at the highest political level, the International Summit on Financing for Development; and, “Accordingly, and in pursuance of paragraph 11 of General Assembly resolution 55/245B, EurOrient Financial Group (“EurOrient”) honorably was invited to participate”represented by Mr. Ron Nechemia in the historical International Summit on Financing for Development on a Ministerial Segment.

Mr. Nechemia was invited by the United Nation General Assembly to participate in the International Summit on Financing for Development, March 2002 on the Ministerial Segment to address key financial and development issues in front of Heads of State or Government. In addition to a number of Presidents and Prime Ministers, over 200 ministers have participated in the Summit include ministers of finance, trade and foreign affairs; the United Nations Secretary-General; the heads of the World Bank, International Monetary Fund and World Trade Organization; the representatives of civil society and the leaders from the private sector, and senior officials of all the major intergovernmental financial, trade, economic, and monetary organizations. His statement to the plenaries and the Monterrey Consensus provide a picture of the new global approach to financing development.

Mr. Nechemia’s unique wealth of knowledge has earned him many international awards and recognitions. He is frequently been invited to consult and to advise in Special High-Level and at the Highest-Level Policy Dialog to express its views and to share experiences on financing for development and on trade and investment related issues in front of the international community bilateral and multilateral organizations such as the Bretton Woods Institutions – the World Bank and the International Monetary Fund (“IMF”),United Nations General Assembly, United Nations Economic and Social Council (“ECOSOC”) and the World Trade Organization (“WTO”). Mr. Nechemia is a member of the UNCTAD/ICC Investment Advisory Council and recognized as a foreign financial expert by the State Administration of Foreign Experts, the People’s Republic Of China and he is frequently been invited to advise and lecture on behalf of governments such as the United State of America, Republic of the Philippines, the People’s Republic of China, South Korea, and the State of California Department of Energy just to name a few.

Mr. Nechemia contributions to High-Level Policy Dialog are in addressing the issues of “Aid effectiveness and innovative financing for development” within the context of the overall theme of the Monterrey Consensus and Doha Declaration on Financing for Development.

Mr. Nechemia expertise and subjects of research are on the subjects of “Aid effectiveness and innovative financing for development” with in the context of:

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