Agustín Carstens reappointed as Chair of the BIS Global Economy Meeting and the BIS Economic Consultative Committee

The BIS Board of Directors has reappointed Agustín Carstens, Governor of the Bank of Mexico, as Chair of the Global Economy Meeting (GEM) and the Economic Consultative Committee (ECC) after consultations with members of the GEM.

This will be Mr Carstens' second three-year term as chair of the GEM and the ECC, starting on 1 July 2016. He was first appointed on 1 July 2013.

Global Economy Meeting and Economic Consultative Committee

The Global Economy Meeting (GEM) is the principal discussion forum for central bank Governors during the regular BIS bimonthly meetings. It monitors and assesses developments in the world economy and the global financial system, and provides guidance to, and receives reports from, the Basel-based central bank committees: the Committee on the Global Financial System, the Committee on Payments and Market Infrastructures, and the Markets Committee. 

The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that together account for about four fifths of global GDP. Governors from several other central banks attend the GEM as observers. Read more about the GEM. 

The Economic Consultative Committee (ECC) supports the Global Economy Meeting. The ECC conducts analyses and prepares proposals for the GEM's consideration and decision. The ECC includes all Governors who participate in BIS Board meetings and the BIS General Manager.