Natalie Jaresko

Natalie Jaresko is Executive Director of the Financial Oversight & Management Board (FOMB) for Puerto Rico, created under the bipartisan Puerto Rico Oversight, Management and Economic Stability Act of the USA. FOMB was created to enable Puerto Rico to achieve fiscal responsibility and regain access to capital markets after a decade of recession and inability to service over $70 billion in debt. Ms. Jaresko has enjoyed a distinguished international career in public service and private industry. During her tenure as Ukraine’s Finance Minister (2014-16), she led the successful negotiation of the largest IMF program in the institution’s history, as well as a complex debt restructuring. Her government’s success in restoring macroeconomic stability enabled the creation of a broad international financial coalition to support Ukraine’s transition. She led the reduction of public spending, cutting the deficit by more than 75% to 2.1% of GDP in 2015. She also advanced tax reform resulting in an almost 50% reduction in payroll tax, eliminated tax privileges which favored vested interests, implemented a transparent e-data system placing all treasury transactions online in real time, as well as initiated corporate governance reform in state-owned banks. Previously, Ms. Jaresko spent two decades working as Horizon Capital co-founder and CEO, a fund with over $600 million under management, and as Western NIS Enterprise Fund President and CEO. Currently, she is the Chair of the Board of Trustees of Aspen Institute Kyiv; a Nonresident Distinguished Senior Fellow at the Atlantic Council; a member of the World Economic Forum Global Future Council on Financial and Monetary Systems; and a Board Member of the Leavitt Institute for International Development.