President Andrzej Duda requests the appointment of Adam Glapiński for a second term as president of the National Bank of Poland, said Paweł Szrot, head of the president’s office. Glapiński’s current term as head of the central bank ends on June 21, 2022.
– President Andrzej Duda nominated Adam Glapiński for the second term of office as the president of the NBP. A motion in this matter was sent to the Marshal of the Sejm. First of all, the president positively assesses the actions of President Glapiński, which were aimed at limiting the economic effects of the epidemic, Biznes Szrot told PAP.
The President of the NBP is appointed and dismissed by the Sejm at the request of the President of the Republic of Poland. The term of office of the President of the National Bank of Poland is 6 years. The same person may not hold the position of the NBP president for more than two consecutive terms of office.
Who is Adam Glapiński?
Adam Glapiński has been the president of the National Bank of Poland since June 2016. He is also the chairman of the Monetary Policy Council. Previously, in 2010-2016, he was a member of the Monetary Policy Council.
In 2009, Glapiński was the economic advisor to the then President of the Republic of Poland, Lech Kaczyński. In 1991, he was a member of the government of Jan K. Bielecki, where he was the minister of construction and spatial management. In 1992, he was the minister of economic cooperation with foreign countries in the government of Jan Olszewski. He was also a member of the Sejm of the Republic of Poland of the 1st term (1991-1993) and a senator of the 4th term (1997-2001) of the Senate of the Republic of Poland.
In the years 1993-2001 he headed the Institute of Economic and Political Freedom.
In the past, he was the chairman of the supervisory boards of: Bank Rozwoju Eksportu, Centralwings Nowy Przewoźnik and KGHM Polska Miedź. In the years 2007-2008 he was the president of the management board and general director of the Polkomtel company.
The “Global Finance” magazine, which annually publishes a ranking of the governors of central banks in the world, rated the head of the National Bank of Poland very low. The ranking shows that Glapiński is one of the worst bankers in Europe. In 2021, he received a C rating (on a scale from A to F, with A being the best), the same as the heads of central banks of Ukraine and Belarus.
Main photo source: PAP / Paweł Supernak