Román Escolano Olivares (born in

Zaragoza Zaragoza, also known in English as Saragossa,''Encyclopædia Britannica'"Zaragoza (conventional Saragossa)" is the capital city of the Zaragoza Province and of the autonomous community of Aragon, Spain. It lies by the Ebro river and its tributari ...

, 1965) is a Spanish

economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

. He was Minister of Economy, Industry and Competitiveness of

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

in 2018 for 3 months until the approval of the motion of no-confidence against Rajoy. He was also vice president of the European Investment Bank between 2014 and 2018.

Biography

Born in 1965 in

, in northeastern

, Escolano worked at the EIB since 2014. At EIB, Escolano was part of the Management Committee, the body responsible for designing the bank's financial and loan policies and managing its daily activity. He was responsible for supervising the operations and activities of the EIB in Spain,

Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...

, the Maghreb countries and

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...

. Internally, he monitored different control functions such as Risk Management and the application of best banking practices. He was also the chairman of the Supervisory Board of the

Marguerite Fund The 2020 European Fund for Energy, Climate Change and Infrastructure, known as the Marguerite Fund, is a pan-European equity fund that invests in renewables, energy and transport. It is based in Luxembourg. Funding The Marguerite Fund was establ ...

, a pan-European venture capital fund. Prior to that, Escolano headed the Spanish Official Credit Institute from 2012 to 2014. He also served as chief economic adviser to the then-Prime-Minister

Jose Maria Aznar Jose is the English transliteration of the Hebrew and Aramaic name ''Yose'', which is etymologically linked to ''Yosef'' or Joseph. The name was popular during the Mishnaic and Talmudic periods. *Jose ben Abin *Jose ben Akabya *Jose the Galilean ...

from 2000 to 2004. He worked in the private sector as Director of Institutional Relations of the

BBVA Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present ...

bank. In March 2018, he was appointed Minister of Economy, Industry and Competitiveness by Prime Minister Rajoy. He was forced out of office after the approval of the motion of no-confidence in the Rajoy's government.

Other activities

European Union organizations

* European Investment Bank (EIB), Ex-Officio Member of the Board of Governors (2018) *

European Stability Mechanism The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone member states having ratified a special ESM intergovernmental treaty. It was ...

, Member of the Board of Governors (2018)

International organizations

* Central American Bank for Economic Integration (CABEI), Ex-Officio Member of the Board of Governors (2018) * European Bank for Reconstruction and Development (EBRD), Ex-Officio Member of the Board of Governors (2018) *

Inter-American Investment Corporation The Inter-American Development Bank (IDB or IADB) is an International financial institutions, international financial institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development finan ...

(IIC), Ex-Officio Member of the Board of Governors (2018) *

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

(IMF), Ex-Officio Member of the Board of Governors (2018) *

Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against ...

(MIGA),

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Gr ...

, Ex-Officio Member of the Board of Governors (2018) *

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

, Ex-Officio Member of the Board of Governors (2018)

Personal life

Escolano is married and has three children.

References