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Eric Postel

Assistant Administrator, Bureau for Economic Growth, Education and Environment

Eric Postel, USAID's new Assistant Administrator for the Bureau for Economic Growth, Education and Environment, was approved by the Senate on March 3rd. He brings to the position more than 25 years of experience working in emerging markets. During this time, he has helped support economic development in more than 45 developing countries on four continents.

Mr. Postel strongly supports President Obama's call to "elevate broad-based economic growth as a top priority" of U.S. overseas development efforts and looks forward to helping with Agency reforms. In particular, he plans to focus on helping field missions to create "measurable, sustainable impacts in partner countries yielding concrete development results."

Mr. Postel is the founder of Pangaea Partners, an investment banking and financial services consultancy focused on emerging markets. Its accomplishments include helping six African countries to create or improve their stock markets, providing credit and treasury courses to more than 30,000 bankers in developing countries, and modernizing more than 20 former Soviet banks. Pangaea Partners also advised on the creation of the Slovak Export-Import Bank. These efforts enabled Mr. Postel to engage a wide variety of development agencies, such as Sida, IFC, FMO, AfDB, EBRD, the World Bank, the EC, etc.

Throughout 2006-7, Mr. Postel served as a Senate-appointed Commissioner of the U.S. Helping to Enhance the Livelihood of People Around the Globe (HELP) Commission. His bipartisan work contributed to the development of a wide-ranging set of recommendations to Congress and the President for the reform of U.S. foreign assistance programs.

Previously, Mr. Postel worked as a Vice President at Citibank Tokyo, where he arranged financing for borrowers on four continents. He also has five years of experience working in biotechnology and providing seed capital to clean energy start-ups in the United States, including project financing for energy efficient best practices.

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