1. Biography Profile of Ron Nechemia Chairman of EurOrient
Mr. Ron Nechemia is a founding member of the EurOrient Financial Group
(“EurOrient”) and its various affiliate development financial institutions and the
founding father of private sector development banking. Founded in 1988, the EurOrient
is a private sector global development finance institution accredited by United Nations
General Assembly on Financing for Development. Its mission is to support the
economic and social development efforts of the less developed countries as they, in
particular, seek to achieve the Millennium Development Goals (“MDGs”).
Mr. Nechemia serves as the Chairman of the Board of Governors and Chief Operation
Officer of the EurOrient Financial Group, with the overall responsibility for the bank
wide operations. Mr. Nechemia responsibility including the formulation and execution of
EurOrient’s institutional development plans as well as the formulation and
implementation of its global business development strategy along with the development
and the delivery of EurOrient’s financial Group products and services. Since 1988, Mr.
Nechemia has directed the internal growth of the EurOrient Financial Group and has
significantly expanded its global presence.
Mr. Nechemia recognized at the beginning of the new millennium that the world is
radically different from when the EurOrient Financial Group was created 18 years ago.
In half a century, it has changed in almost every respect and with a speed such as
humanity has never witnessed before. As a response, Mr. Nechemia have set out for the
EurOrient Financial Group in the aftermath of the 2005 World Summit an Agenda for
Work and Agenda for Development containing detailed suggestions for future
international action to be taken by .
On 16 April, 2006, Mr. Nechemia outlined to the Treasury Board Secretariat of the
EurOrient Financial Group his vision for a comprehensive reform of the EurOrient
Financial Group and the transformation of the EurOrient into a full-fledged private
sector global development bank responding to a wide range of development needs, as it
evolves from a mere project financier, which included the advancement of Partnership
for Development agenda and measures to improve management and accountability
throughout the Organization.
On July 7, 2006, Mr. Nechemia presented to the Treasury Board Secretariat of the
EurOrient Financial Group his proposals for a fundamental overhaul of the EurOrient
Financial Group and its affiliated development financial institutions[1]. The reform
report is entitled: ‘Building a Twenty-First Century Development Bank: New
Challenges, New Priorities’.
On August 30, 2007, Mr. Nechemia presented to the Treasury Board Secretariat of the
EurOrient Financial Group his analysis and recommendations for updating the entire

2. work programme of the EurOrient over the last 19 years. The report is entitled:
‘Mandating and Delivering: Private Sector Road for Development
Ron Nechemia Contributions Toward High-Level Policy Dialog
As the founding father of private sector global development banking and as an original
participant at the convening of the first International Summit on Financing for
Development was held from 18-22 March 2002 in Monterrey, N.L., Mexico, Mr. Ron
Nechemia brings a unique and historical perspective to the dialogue and the issues. Mr.
Nechemia’s attendance along with the solicitation of his ideas was extended via a United
Nations General Assembly resolution (55/245A and B, respectively,) in which the
Assembly decided to convene, at the highest political level, the International Summit on
Financing for Development; and, “Accordingly, and in pursuance of paragraph 11 of
General Assembly resolution 55/245B, EurOrient Financial Group (“EurOrient”)
honorably was invited to participate”represented by Mr. Ron Nechemia in the historical
International Summit on Financing for Development on a Ministerial Segment.
Mr. Nechemia was invited by the United Nation General Assembly to participate in the
International Summit on Financing for Development, March 2002 on the Ministerial
Segment to address key financial and development issues in front of Heads of State or
Government. In addition to a number of Presidents and Prime Ministers, over 200
ministers have participated in the Summit include ministers of finance, trade and foreign
affairs; the United Nations Secretary-General; the heads of the World Bank, International
Monetary Fund and World Trade Organization; the representatives of civil society and
the leaders from the private sector, and senior officials of all the major intergovernmental
financial, trade, economic, and monetary organizations. His statement to the plenaries
and the Monterrey Consensus provide a picture of the new global approach to financing
development.
Mr. Nechemia’s unique wealth of knowledge has earned him many international awards
and recognitions. He is frequently been invited to consult and to advise in Special
High-Level and at the Highest-Level Policy Dialog to express its views and to share
experiences on financing for development and on trade and investment related issues in
front of the international community bilateral and multilateral organizations such as the
Bretton Woods Institutions – the World Bank and the International Monetary Fund
(“IMF”),United Nations General Assembly, United Nations Economic and Social
Council (“ECOSOC”) and the World Trade Organization (“WTO”). Mr. Nechemia is a
member of the UNCTAD/ICC Investment Advisory Council and recognized as a
foreign financial expert by the State Administration of Foreign Experts, the People’s
Republic Of China and he is frequently been invited to advise and lecture on behalf of
governments such as the United State of America, Republic of the Philippines, the
People’s Republic of China, South Korea, and the State of California Department of
Energy just to name a few.

3. Mr. Nechemia contributions to High-Level Policy Dialog are in addressing the issues of
“Aid effectiveness and innovative financing for development” within the context of
the overall theme of the Monterrey Consensus and Doha Declaration on Financing for
Development.
Mr. Nechemia expertise and subjects of research are on the subjects of “Aid
effectiveness and innovative financing for development” with in the context of:
• additional commitments concerning innovative sources of financing for
development further debt relief and International Public Goods;
• better coordinated and more effective aid at international level as well as
implementation of the Monterrey Consensus on Aid Effectiveness, including
more predictable aid mechanisms, notably budget support, mitigation of
exogenous shocks, aid untying and reform of the international financial
institutions;
• The reform of the international monetary and financial system and its
implications for development”;
• Supporting rehabilitation, recovery and development efforts of developing
countries with special needs and those facing humanitarian emergency
situations”;
• “Enhancing coherence and consistency of the international monetary,
financial and trading systems in support of development”.
Recent Books and Selected Publications of Ron Nechemia
Mr. Ron Nechemia has written and broadcast extensively on development, refugees and
international financial and political matters. Mr. Nechemia’s work is frequently published
in major international symposiums and summits around the world, whereby, Mr.
Nechemia shares his views, knowledge and know-how and urged the participants in the
conferences and stressed that urgent efforts is needed to expand the social safety net and
enhance protection of the poor and vulnerable in particularly in the areas of financing for
development and in humanitarian relief efforts.
In May 2008, Mr. Nechemia was interviewed by International Finance Magazine regarding
his outlook for the global economy and the world’s financial systems. During this
interview, he announced that he saw a systemic financial crisis brewing and warned that
in the months to come the United States was likely to face a once-in-a-lifetime financial
crisis, an oil shock, sharply declining consumer confidence and, ultimately, a
deep recession. Mr. Nechemia’s forecast included a bleak sequence of events:
Homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities
unraveling worldwide and the global financial system shuddering to a halt. These
developments, he foretold, could cripple or destroy hedge funds, investment banks and

4. other major financial institutions like Fannie Mae and Freddie Mac. While some viewed
his comments to be overly pessimistic at the time, Mr. Nechemia’s predictions proved
accurate in less than half a year.
In fact, Mr. Nechemia has a strong record of correctly analyzing market data and
predicting economic events. On November 5, 2007, in a special interview to Viet Nam
Television, he warned that Viet Nam was likely to face economic deterioration and
challenges to maintain control of the stock market in the face of the boom in share prices.
He further posited that a sudden reversal and capital outflows would jolt the economy
while the supply of securities has been increasing; demand has been even stronger, given
limited outlets for savings. In this case, Mr. Nechemia’s predictions were also stunningly
accurate and these events did occur six months later.
As we enter 2009, global financial institutions and markets have been badly shaken.
Threats to systemic stability became manifest in September 2008 with the collapse or
near-collapse of several key institutions. The far-reaching nature of the events that are
unfolding is illustrated by the fact that within a period of only one week, large
stand-alone investment banks disappeared from the U.S. financial landscape.
Mr. Nechemia published for International Finance Magazine in May 2009 was included
as an official “Input Document” for The United Nations Council on Trade and
Development (“UNCTAD”) event convened for UNCTAD member States at its first
public symposium to provide a forum to discuss “The global economic crisis and development –
the way forward” June 24th. Mr. Nechemia’s submission of his article in the form of a
White Paper Asset Securitization: Revolution, Evolution, Devolution. The Rise and fall
of the Most Important Financial Instrument in Banking,” was included as an official
“input document” that addressed one of the key topics debated at the 18-19 May 2009
symposium, that included, the causes and multiple impacts of the global economic crisis
along with assessing existing and appropriate responses at the international, regional and
national levels
Books
June 12, 2008—Mr. Ron Nechemia, the Chairman of the Board of Directors of
EurOrient Financial Group, has been recognized as a leader in Venture Capitalism by
being selected as an author to the book, The Roles and Motivations of Key Players in Venture
Capital Deals, published by Aspatore Books. The Roles and Motivations of Key Players in
Venture Capital Deals, ISBN: 9781596228122, is an authoritative insider’s perspective on
the venture capital industry for both VCs and entrepreneurs, with a focus on
understanding the positions of each major player involved in venture capital and private
equity investments
Awards and Recognitions Achieved by Ron Nechemia

5. Mr. Ron Nechemia is a recipient of many awards and recognitions for his work and
contributions to development in the less developed countries.He was selected in 2001 by
the Business Advisory Council – National Republican Congressional Committee as the
“California 2001 Republican of the Year” for his business accomplishments over the
years, and to serve as the State of California representative on the Presidential Business
Commission in 2002 till current for the President of the United States – George W. Bush.
Furthermore, Mr. Nechemia was selected as the National Business Advisory Council
Honorary Chairman May 20th, 2003 and the Business Advisory Council Honorary
Chairman for California in September 13, 2003. In addition, Mr. Nechemia is the
recipient of “Businessmen of the Year” award, an award which presented to top
business leaders who champion the free enterprise system, and the “2003 National
Leadership Award” which was awarded by the Vice President of the United States –
Richard B. Cheney, as a recognition of outstanding service and commitment, and in
particular for assistance and leadership in promoting a pro-business agenda including tax
reform and fiscal responsibility and other awards and recognitions. Mr. Nechemia
nominated by the Business Advisory Council’s for the Award of “Businessmen of the
Year” representing the state of California for the year 2004 (one of three nominees), the
nomination recognizes the top U.S. business leaders who successfully integrated business
and financial success.