GFRID Summit 2021

16-17 June 2021, Online, #GFRID
Jean-Michel 
Severino
Chief Executive Officer, 
Investisseurs et Partenaires (I&P)

After graduating from the Ecole Supérieure de Commerce de Paris and the Sorbonne University (bachelor of laws) in 1978, Jean-Michel Severino studied advanced economics. He then entered the Institut d’Etudes Politiques and the Ecole Nationale d’Administration, from which he graduated in 1984. Jean-Michel Severino started his career as Inspector of finances at the French Ministry of economy and finances. In 1988, his interest for development led him to the Cabinet of the Minister of cooperation and development Jacques Pelletier as a technical adviser. In this ministry, he occupied successively the post of Chief of geographic coordination (1990-94) and the post of Director of development (1994-96), where he advised the French government on supporting the democratization processes in Africa, and prepared and managed the devaluation of the CFA franc.

Jean-Michel Severino then joined the World Bank as director for Central Europe (1996-97). He became Vice President for Asia in 1997, shortly before the beginning of the Asian financial crisis, which he managed at the Bank in accompaniment of the IMF programmes. In 2000, Jean-Michel Severino came back shortly at the Ministry of economy and finances as General inspector of finances. He wrote that year a book on globalization with Jean-Louis Bianco, « Un autre monde est possible », at the Jean-Jaurès foundation.

He was nominated director general of the AFD in 2001. His three-year term was renewed in 2004 and 2007. He helped establish the AFD as France’s international development bank, notably by increasing its activity and broadening its mandate to include many other countries as well as to the whole spectrum of global contemporary issues: climate, biodiversity, poverty, conflict, growth…

The AFD is a financial institution at the heart of the French system of official development assistance. The AFD supports the public and private spheres as well as associative networks. Its aim is to implement economic and social projects in more than 60 countries on all continents and in overseas France. Its action for development is guided by the millennium development goals of the United Nations and the imperative of environmental sustainability.

At the same time, he contributed to the High-Level Expert Panel on the System-Wide Coherence of the United Nations in the areas of development, humanitarian assistance and environment, and is part of the Commission on the “White book” on France’s foreign and European policy. He left the AFD in April 2010 to join the Inspection Générale des finances at the French Ministry of economy and finances.

In May 2011, he succeeded Patrice Hoppenot as CEO of “Investisseurs et Partenaires” (I&P). This impact investment group provides financial and managerial support for medium-sized companies and microfinance institutions in Africa (mainly Western and Central Africa) – organisations which cannot access bank financing and for whom microcredit is insufficient. Its interventions take the form of equity investments and, in some cases, loans. It is specialized in risk capital with social and environmental impacts.

Jean-Michel Severino is a member of the boards of CFAO, Ecobank International, France Telecom and Danone, which audit committee he chairs. He sat at European Investment Bank’s board until January 2011. He chairs the board of Convergences, a major gathering of European stakeholders around social business, private-public sector partnership and Millenium Development Goals, and is a senior fellow of the German Marshall Fund and FERDI. He also chairs the board of the Critical Ecosystem Partnership Fund. He has had over the years important activities in the academic community, NGOs and foundations.

He was elected member of the Academy of Technology in March 2010. He is a Knight of the French “Legion of Honor”, Officer of the Order of Merit, and holds many international awards, from Asia and Africa.

Presentations

Scaling-up diaspora investment from Europe

GFRID Summit 2021, “Session 3 – Diaspora investment in times of crisis”. Plenary part: “Scaling-up diaspora investment from Europe”.

Practical information

FORMAT: Zoom webinar. Questions can be asked through the Q&A feature, and/or through the Zoom Chat.

REGISTRATION: CLOSED.

INTERPRETATION: English, French and Spanish.

PROCEEDINGS: Available shortly after the event.

Organizers
The International Fund for Agricultural Development (IFAD) is a specialized agency of the United Nations and an international financial institution, with the mandate to invest in rural people to eradicate poverty in low- and middle-income countries.

IFAD’s US$65 million multi-donor Financing Facility for Remittances (FFR) aims to maximize the impact of remittances on development and promote diaspora engagement in migrants’ countries of origin.

Technical partners
SPONSORS

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Jean-Michel 
Jean-Michel 

After graduating from the Ecole Supérieure de Commerce de Paris and the Sorbonne University (bachelor of laws) in 1978, Jean-Michel Severino studied advanced economics. He then entered the Institut d’Etudes Politiques and the Ecole Nationale d’Administration, from which he graduated in 1984. Jean-Michel Severino started his career as Inspector of finances at the French Ministry of economy and finances. In 1988, his interest for development led him to the Cabinet of the Minister of cooperation and development Jacques Pelletier as a technical adviser. In this ministry, he occupied successively the post of Chief of geographic coordination (1990-94) and the post of Director of development (1994-96), where he advised the French government on supporting the democratization processes in Africa, and prepared and managed the devaluation of the CFA franc.

Jean-Michel Severino then joined the World Bank as director for Central Europe (1996-97). He became Vice President for Asia in 1997, shortly before the beginning of the Asian financial crisis, which he managed at the Bank in accompaniment of the IMF programmes. In 2000, Jean-Michel Severino came back shortly at the Ministry of economy and finances as General inspector of finances. He wrote that year a book on globalization with Jean-Louis Bianco, « Un autre monde est possible », at the Jean-Jaurès foundation.

He was nominated director general of the AFD in 2001. His three-year term was renewed in 2004 and 2007. He helped establish the AFD as France’s international development bank, notably by increasing its activity and broadening its mandate to include many other countries as well as to the whole spectrum of global contemporary issues: climate, biodiversity, poverty, conflict, growth…

The AFD is a financial institution at the heart of the French system of official development assistance. The AFD supports the public and private spheres as well as associative networks. Its aim is to implement economic and social projects in more than 60 countries on all continents and in overseas France. Its action for development is guided by the millennium development goals of the United Nations and the imperative of environmental sustainability.

At the same time, he contributed to the High-Level Expert Panel on the System-Wide Coherence of the United Nations in the areas of development, humanitarian assistance and environment, and is part of the Commission on the “White book” on France’s foreign and European policy. He left the AFD in April 2010 to join the Inspection Générale des finances at the French Ministry of economy and finances.

In May 2011, he succeeded Patrice Hoppenot as CEO of “Investisseurs et Partenaires” (I&P). This impact investment group provides financial and managerial support for medium-sized companies and microfinance institutions in Africa (mainly Western and Central Africa) – organisations which cannot access bank financing and for whom microcredit is insufficient. Its interventions take the form of equity investments and, in some cases, loans. It is specialized in risk capital with social and environmental impacts.

Jean-Michel Severino is a member of the boards of CFAO, Ecobank International, France Telecom and Danone, which audit committee he chairs. He sat at European Investment Bank’s board until January 2011. He chairs the board of Convergences, a major gathering of European stakeholders around social business, private-public sector partnership and Millenium Development Goals, and is a senior fellow of the German Marshall Fund and FERDI. He also chairs the board of the Critical Ecosystem Partnership Fund. He has had over the years important activities in the academic community, NGOs and foundations.

He was elected member of the Academy of Technology in March 2010. He is a Knight of the French “Legion of Honor”, Officer of the Order of Merit, and holds many international awards, from Asia and Africa.