Daniele Franco
Daniele Franco | |
|---|---|
| Born | June 7, 1953 Italy |
| Occupation(s) | Economist, central banking official, government administrator |
| Years active | 1979–present |
| Known for | Minister of Economy and Finance of Italy (2021–2022), Director-General of the Bank of Italy (2020–2021) |
Daniele Franco (born 7 June 1953) is an Italian economist, central banking official, and government administrator who held the position of Minister of Economy and Finance under Prime Minister Mario Draghi from 2021 until 2022. Prior to this role, he was the director-general at the Bank of Italy between 2020 and 2021.
Early life and education
In 1977, Franco completed his degree in political science at the University of Padua. The following year, he obtained a master's qualification in business organisation from the University Consortium of Business Organization in Padua. In 1979, he further advanced his studies by earning a master's degree in economics from the University of York.
Career
Franco began his career at the Bank of Italy in 1979. From 1994 to 1997, he served as an economic advisor to the Directorate-General for Economic and Financial Affairs at the European Commission. After returning to the Bank of Italy, he led the public finance division within the Research Department from 1997 through 2007 and concurrently chaired the Public Finance Working Group of the European System of Central Banks.
Between 2007 and 2011, he directed the Economic and Financial Structure Research Department. He then took on the role of Central Director for Economic Research and International Relations until 2013. Throughout this time, Franco acted as a representative for the Bank of Italy in various international committees and collaborative groups involving ministries and statistical offices.
From May 2013 until May 2019, he was president of the State General Accounting Office. Following this tenure, he advanced to Deputy Director-General and subsequently became Director-General of the Bank of Italy by January 2020.
On 13 February 2021, Franco was named Minister of Economy and Finance in the Draghi government. During Italy's leadership of the G20 in 2021, he presided over sessions of G20 Finance Ministers.
In 2023, under Prime Minister Giorgia Meloni’s administration, Franco was put forward as Italy’s nominee for the presidency of the European Investment Bank.
European Union institutions
- European Investment Bank (EIB), Ex-Officio Member of the Board of Governors (2021–2022)
- European Stability Mechanism (ESM), Member of the Board of Governors (2021–2022)
International organizations
- African Development Bank (AfDB), Ex-Officio Member of the Board of Governors (2021–2022)
- Asian Infrastructure Investment Bank (AIIB), Ex-Officio Member of the Board of Governors (2021–2022)
- European Bank for Reconstruction and Development (EBRD), Ex-Officio Member of the Board of Governors (2021–2022)
- Inter-American Development Bank (IDB), Ex-Officio Member of the Board of Governors (2021–2022)
- International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors (2021–2022)