Liviu Voinea Explained

Liviu Voinea
Office1:Alternate Executive Director, World Bank
Term Start1:1 March 2024
Office2:Romania’s representative at the International Monetary Fund and Senior Advisor to the IMF Executive Director
Term Start2:26 August 2019
Term End2:29 August 2023
Office3:Deputy Governor, National Bank of Romania
Term Start3:October 2014
Term End3:26 August 2019
Office4:Minister Delegate for Budget, Ministry of Public Finance
Term Start4:21 December 2012
Term End4:27 August 2014
Office5:Deputy Minister of Public Finance
Term Start5:16 May 2012
Term End5:21 December 2012

Liviu Voinea (born 26 June 1975) has been Alternate Executive Director at the World Bank since March 1st, 2024. Between august 2019 and august 2023 he was Romania's representative to the International Monetary Fund and Senior Advisor to the IMF Executive Director. In this capacity he was a member of the Executive Board of the International Monetary Fund. He also represented Montenegro to the IMF.

Prior to that, he was Deputy Governor of the National Bank of Romania between October 2014 and August 2019. In that capacity, he was a member of the European Systemic Risk Board, the Economic and Financial Committee of the European Commission, the International Relations Committee, the European Central Bank, the Financial Stability Board – Regional Consultative Group for Europe, the High Level Working Group on Regulatory of Sovereign Exposures.

He served as Minister Delegate for Budget between December 2012 and August 2014, member of the Romanian Government, responsible for budget and public debt. In that capacity he was Romania’s representative to the Economic and Financial Council; Romania’s Governor to the World Bank, EBRD and EIB. During his mandate, Romania exited the excessive deficit procedure, met the medium term objective of the structural deficit, issued Eurobonds with longest maturities to date (30 years for dollar-denominated bonds), build up a foreign exchange buffer, and reached investment grade from all major rating agencies. Prior to that, he was Deputy Minister of Finance (May 2012 – December 2012), responsible for public policies.

He was also a member of the Principles Consultative Group of the Institute of International Finance and professor of International Economics and Macroeconomics at the Academy of Economic Studies (since 2013).

Education

Liviu Voinea graduated from Academy of Economics, Faculty of International Business. He has a Master of Science in Business Administration degree from Stockholm University, School of Business. In 2000 he obtained the Ph.D. in Economics from the Academy of Economics, Faculty of Economics.

Awards

Romanian Academy's "Virgil Madgearu" Award in economic sciences, 2007 for the book Transnational corporations and global capitalism

Research

Liviu Voinea was post-doctoral researcher at the Institute for Prospective Technological Studies, Joint Research Center of the European Commission, based in Seville, Spain (2004). After returning to Romania, he co-founded the Group of Applied Economics (GEA), where he was Director of Research and then Executive Director.

He published articles in journals such as Journal of International Money and Finance, Review of International Political Economy, Economics of Transition, as well as IMF Working Paper and World Bank Policy Research Working paper (details in the main publications and references sections). In 2021 he published a book on inflation, consumption and savings at Palgrave Macmillan (“Defensive Expectations. Reinventing the Phillips Curve as a Policy Mix”).

Main publications

References

Conferences (selected)

External links