Central banks, an increasing number of ladies. The feminine governors rise to 30 | EUROtoday

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Coup de théâtre in Syria by the provisional authorities after the collapse of President Bashar al-Assad’s regime. The new Syrian political management, led by Ahmed al-Sharaa, has determined to nominate a girl to go the nation’s central financial institution. He will lead the establishment Miss Sabrineformer deputy governor of the Syrian central financial institution, who has over 15 years of business expertise and is a long-standing central financial institution official with a specialization in overseeing the nation’s banking sector.

What is the «glass cliff»

The new Syrian authorities is attempting to achieve worldwide consensus, additionally as a way to have help in inside unification, and this alternative appears to reply to stress from the United Nations for the involvement of ladies within the new route of the nation.

There was a small opening within the composition of the federal government with the appointment of just one girl, Aisha al-Dibs as head of the workplace for girls’s affairs. This second alternative appears to be extra decisive for the nation’s economic system. Certainly there isn’t a lack of suspicion of “glass cliff” (“Glass Cliff”), a metaphor describing the tendency to appoint women (or other people from underrepresented groups) to leadership positions in particularly difficult situations or when failure is more likely.

On the other hand, it would not be the first time at an international level that a position of responsibility in a moment of crisis is entrusted to a woman: Christine Lagarde (now head of the ECB), for example, was appointed director of the IMF in 2011, immediately after the global financial crisis and the scandal involving her predecessor Dominique Strauss-Kahn.

In 2021 Jane Fraser was named Citigroup’s first feminine CEO at a time when the establishment was beneath stress to cope with a regulator-mandated restructuring; Mary Barra she turned CEO of GM in 2014, shortly earlier than the corporate confronted a serious scandal linked to recollects of automobiles with ignition defects that had triggered deadly accidents; and in 2012 Marissa Mayer turned CEO of Yahoo! simply when the corporate was already battling declining market share.