Career
In 1979,Franco joined the Bank of Italy. [1]
From 1994 to 1997,Franco was economic advisor to the Directorate-General for Economic and Financial Affairs of the European Commission. From 1997 to 2007,he again worked at the Bank of Italy,where he was director of the public finance section of the Research Department. From 1999 to 2007 he chaired the Public Finance Working Group of the European System of Central Banks. [1]
From 2007 to 2011 he was Head of the Economic and Financial Structure Research Department and from 2011 to 2013 he was Central Director of the Economic Research and International Relations Area. In this capacity,he represents the Bank in committees and working groups in international bodies and is a member of working groups at the Ministry of Finance,the Ministry of the Treasury,the Presidency of the Council and Italian National Institute of Statistics.
From 17 May 2013 to 14 May 2019,Franco served as president of the State General Accounting Office. From 20 May to 31 December 2019 he was Deputy Director-General of the Bank of Italy,after which point he became Director-General. [3] [4]
On 13 February 2021,Franco was appointed Minister of Finance and Economy in the Draghi cabinet. [3] In this capacity,he chaired the meetings of G20 Ministers of Finance when Italy held the group's presidency in 2021. [5]
In 2023,the government of Prime Minister Giorgia Meloni nominated Franco as Italy’s candidate to succeed Werner Hoyer as president of the European Investment Bank. [6]
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