Jacques de Groote

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Jacques de Groote (born 25 May 1932) is a Belgian

Career

From 1973 to 1994, he was one of the Executive Directors of the International Monetary Fund (IMF) and from 1973 to 1991, one of the governors of the World Bank (IBRD). He was then active in various international institutions, such as the International Finance Corporation (IFC) and International Development Association (IDA).^[1]

Traces of de Groote’s career can be found not only in

Jacques de Groote began his career as a financier in January 1957. In the first few months of 1960, serving as a secretary, he contributed to preparations for the de-colonisation of the Belgian Congo. From April 1960 to May 1963, he was an assistant to the Belgian representative at the International Monetary Fund and the World Bank in Washington, D.C. In May 1963, he joined the National Bank in Belgium, where he was active in international affairs. In July 1965, he was offered the position of financial advisor to the Belgian delegation at the OECD in Paris, where he headed a number of working groups involved in reviewing the first draft of multilateral agreements guaranteeing private investments. Between March 1966 and May 1969, he was economic advisor to the government of the president of the Democratic Republic of the Congo, where he was also a financial advisor to the country’s National Bank.^[3]

In 1973, de Groote became Executive Director of the IMF and World Bank. During this time, he actively supported certain African representations, working to have the IMF and the World Bank enter into closer economic cooperation with them. In addition to his work in the Congo, de Groote held the position of Director at the Research Department of the Belgian National Bank from April 1971 to November 1973. Within the IMF, where he was active until 1994, de Groote represented a group of countries that included Czechoslovakia, or, as the case may be, the Czech Republic.^{[citation needed]}

MUS case

The MUS affair concerns the fraudulent privatization of MUS (Mostecká Uhelná Spolecnost), one of the principal coal mines in the Czech Republic, which took place at the end of the 1990s. After his time at the

de Groote left Appian Group in 2002.[6]

References