For the first time in almost two decades, the EBRD’s presidential elections are uncontested, which means serving president Odile Renaud-Basso looks set to be reappointed for a second four-year term at the bank’s annual meeting in Yerevan, Armenia, in May.
The EBRD’s board of governors elect a new president every four years, following a secret ballot. But this year no other countries fielded a candidate by the cut-off date of April 14. To be elected president, a candidate must receive a “double majority” of the total number of governors (the EBRD has 74 members, which means the support of at least 38 governors), representing no less than a majority of the total voting power of the members.
