03.10.2012

Deputy Minister of Finance Boryana Pencheva has been nominated by President Rosen Plevneliev for Member of the Bulgarian National Bank Governing Council. The public nomination is compliant with the established procedures and practices of the President administration that guarantee transparency of the appointments of senior public positions and in accordance with the good and effective interaction and predictability in the relations between the President institution and BNB. The 6-year term of the new Member of the Governing Council will begin on 2 December 2012.

The portfolio of Boryana Pencheva in the MoF includes macroeconomic planning, government debt management and coordination of the state policy in the field of financial services and financial markets, as well as cooperation with International Financial Institutions, participation in the coordination of the EU economic and financial policy, financial management of EU assistance under the pre-accession instruments, the EU Structural and Cohesion Funds, under bilateral and multilateral international programs, etc. She also participates in the work of ECOFIN.

In the period 2002-2009 she was Director of Management of EU Funds Directorate within the Ministry of Finance. Responsible for planning, negotiating, management, coordination and monitoring the EU financial support for Bulgaria, the EEA Financial Mechanism, as well as for bilateral programmes with Greece, Denmark, Norway, the Netherlands, etc. Prior to 2002 Mrs Pencheva was Executive Director of the Trade Promotion Agency under the Ministry of Economy and Expert in and Director of the Trade Institute under the Ministry of Economy. Since 2010 Boryana Pencheva has been IMF alternative governor for Bulgaria, governor of the Black Sea Trade and Development Bank, the International Investment Bank, the International Bank for Economic Cooperation. She is also Deputy Chairperson of the Council for Coordination of Fraud Prevention to the Council of Ministers and member of the Council for European Affairs.