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Gerasimos Arsenis

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Gerasimos Arsenis

Gerasimos Arsenis (Greek: Γεράσιμος Αρσένης; 30 May 1931 – 19 April 2016) was a Greek politician who served as a Member of the Hellenic Parliament in various terms, as well as several appointments to Government Ministries in successive Governments with the Panhellenic Socialist Movement (PASOK).

Gerasimos Arsenis was on the Greek island of Kephalonia. He went on to study law at the National and Kapodistrian University of Athens and after obtaining his degree, he continued his post-graduate studies at the Massachusetts Institute of Technology (MIT). He spoke three languages, namely Greek, English and French.

It was his MIT thesis, entitled "The Two - Gap Analysis: A Proposal for North - South Cooperation" that got him recruited to the UN, and it formed the basis of the negotiations for the United Nations Conference on Trade and Development (UNCTAD).

From 1960 until 1964, Arsenis worked at the UN as an economist, implementing and establishing UNCTAD itself. In 1964 he was appointed to the position of Director of the Research Division of the OECD Development Centre in Paris, which post he held until 1966.

In 1967, Arsenis was appointed to the position of Senior Economist of the UNCTAD and, in 1974, he was promoted to the seat of Director of UNCTAD where he served until 1980. During this period as director, Arsenis engaged in research and participated in negotiations concerning reform of the International Monetary System (IMF). From 1974 until 1980, Arsenis also served as an independent expert with UNCTAD, providing consultancy to the Ministerial Committee of Twenty on the Reform of the International Monetary System..

While serving as Director of UNCTAD, Arsenis contributed to the development of numerous proposals – including the creation of special drawing rights (SDR), developmental assistance and coordination of program assistance for the World Bank and the generation of balance-of-payments financing that the IMF subsequently used for effective stabilization and development support schemes.

Gerasimos Arsenis also served as President of the Athens Development and Governance Institute (ADGI-INERPOST), and vice-president of the Marangopoulos Foundation for Human Rights.

Gerasimos Arsenis was married to Louka Katseli and was father to four children. He died on 19 April 2016, and his funeral was held in Athens at the Church of Agios Dionysios on 21 April 2016.

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