Stephen Groff Explained

Stephen P Groff
Term Start:February 2019
Office2:Ranking vice president of the Asian Development Bank
Predecessor2:C. Lawrence Greenwood
Term Start2:September 2011
Term End2:February 2019
Birth Place:Camp Lejeune, North Carolina, USA
Spouse:Maria Theresa O. Regalado
Occupation:Economist

Stephen P Groff is an economist and Governor of the National Development Fund of Saudi Arabia.[1]

Groff was appointed as Governor of the National Development Fund (NDF) in February, 2019. He is responsible for establishing this new $130 billion development finance institution with the objective of supporting economic diversification and raising the level of performance of sectoral funds and development banks in Saudi Arabia.[2] [3] [4]

He was previously ranking vice-president of the Asian Development Bank (ADB) in Manila, Philippines.[5] [6] [7] [8] [9] [10] [11] [12] At ADB he was responsible for operations in East Asia, Southeast Asia, and the Pacific, amounting to over $6 billion in new lending every year and a portfolio of $35 billion.[13] [14] [15]

Education

Groff was raised in Warren, Vermont, and graduated from Harwood Union High School He has a BS from Yale University,[16] an MPA from the Kennedy School at Harvard University, and a PhD from the School of Social and Behavioural Sciences at Erasmus University.[17] He earned the Pearson–FT Non-Executive Director SRF BTEC Level 7 diploma and is a member of the Council on Foreign Relations.[18] [19] [20]

Career

In February, 2019, Groff became the inaugural Governor of the National Development Fund (NDF). With a capital of $130 billion, NDF was established to enhance economic diversification as well as to promote sustainable development financing in the Kingdom of Saudi Arabia. NDF oversees different Saudi development funds and banks, supervises their performance and efficiency, and ensures that each entity contributes effectively to Saudi Vision 2030. Under his leadership, NDF spearheaded the development of a number of new funds, including the National Infrastructure Fund[21] through a partnership with BlackRock.[22]

Groff was appointed as Vice President of the Asian Development Bank (ADB) in September 2011.[23] Previously, he served as Deputy Director for Development Cooperation at the Paris-based Organisation for Economic Co-operation and Development and as Deputy Vice-President for Operations at the Washington-based Millennium Challenge Corporation.[24] He has also worked for the U.S. Agency for International Development, the U.S. Refugee Program and as a U.S. Peace Corps volunteer.

Groff serves on a number of advisory boards, including the Millennium Challenge Corporation,[25] the International Finance Forum,[26] CCICED,[27] World Learning,[28] Bretton Woods Committee, Marine Stewardship Council,[29] Institute for Sustainable Communities[30] and the Global Footprint Network.[31]

Groff also writes regularly on a variety of climate change and development-related issues, including The Hill,[32] Project Syndicate,[33] The Wall Street Journal,[34] [35] The Guardian[36] and The Huffington Post.[37]

In 2018, Groff was identified by Richtopia as one of the top 100 leaders from multilateral organizations.[38]

Personal life

Groff is married has two children. His family has lived in Vermont for generations and their roots there can be traced back to the 18th century. His Great-grandfather was the photographer Edmund Homer Royce of St. Albans.[39] His 3rd Great-grandfather was Vermont Congressman and Chief Justice Homer Elihu Royce and his 4th Great-uncle was Vermont Governor and Chief Justice Stephen Royce. His 5th Great-grandfather was Major Steven Royce who was a delegate to the convention that signed the 1774 Dorset Accords which led to an independent Vermont Republic and future statehood. Groff speaks Tagalog and French and is a sailor and triathlete.

Selected publications

Notes and References

  1. Web site: Stephen Groff is Appointed as Governor of National Development Fund the official Saudi Press Agency .
  2. Web site: Stephen Groff, new governor of the Saudi National Development Fund Arab News. 20 June 2019.
  3. Web site: Stephen Groff appointed head of Saudi National Development Fund. 20 June 2019.
  4. Web site: Saudi National Development Fund names Stephen Groff as governor. ArgaamPlus.
  5. Web site: Stephen P Groff. headhoncho. 10 May 2017. Asian Development Bank. 24 July 2017.
  6. Web site: World Learning, Inc.. 24 July 2017.
  7. Web site: Boao Forum Hainan: Asian Development Bank VP Groff on Donald Trump. Choudhury. Geoff Cutmore, Saheli Roy. CNBC. 24 March 2017. 24 July 2017.
  8. Web site: Stephen P Groff - Asia Clean Energy Forum. 24 July 2017.
  9. Web site: Stephen Groff: The Next Migrant Wave - The Bretton Woods Committee. www.brettonwoods.org. 24 July 2017.
  10. Web site: Public Lecture: Stephen Groff: Asia's Development Challenges. 12 June 2014. www.geas.fu-berlin.de. 24 July 2017.
  11. Book: ADB Financial Profile 2012. 1 April 2012. Asian Development Bank. 9789290926450. Google Books. 12 February 2018.
  12. Book: ADB Annual Report 2015: Scaling Up to Meet New Development Challenges. 1 April 2016. Asian Development Bank. 9789292575526. Google Books. 24 July 2017.
  13. Book: Proceedings of the Regional Knowledge Forum on Post-Disaster Recovery. 1 November 2015. Asian Development Bank. 9789292572198. 24 July 2017. Google Books.
  14. Book: Attaining Sustainable Energy Access for All: Third Asia-Pacific Dialogue on Clean Energy Governance, Policy, Law, and Regulation. Kala. Mulqueeny. Peter du. Pont. 1 May 2014. Asian Development Bank. 9789292545338. 24 July 2017. Google Books.
  15. Web site: ADB's Stephen P Groff Examines Rise of Inequality in Middle Income Asia. N. ita. Baruah. Nischala. Arjal. 7 May 2014. 24 July 2017.
  16. Web site: Media Library - Yale Whiffenpoofs Alumni Association, Inc.. whiffalumni.com. 24 July 2017.
  17. Web site: Stephen P. Groff. Erasmus University Rotterdam.
  18. Web site: Stephen Groff - International Economic Forum of the Americas. feia.forum-americas.org. 24 July 2017.
  19. Web site: Stephen P. Groff . oecd.org . 22 March 2023.
  20. Web site: Council on Foreign Relations. Council on Foreign Relations.
  21. Web site: National Infrastructure Fund . 22 March 2023.
  22. News: Saudi Arabia launches national infrastructure fund with BlackRock. Reuters . October 25, 2021. www.reuters.com.
  23. Web site: ADB Appoints Stephen P Groff as Vice-President. Asian Development. Bank. 5 September 2011. 24 July 2017.
  24. Web site: MCC CEO Danilovich Announces New Addition to Management Team - Millennium Challenge Corporation. 24 July 2017.
  25. Web site: Council: MCC Advisory Council. Millennium Challenge Corporation.
  26. Web site: Board of Directors_IFF. iff.org.cn.
  27. Web site: CCICED Membership Phase VI (2017--2021) .
  28. Web site: World Learning, Inc.. 24 July 2017.
  29. Web site: About Us--Membership. www.cciced.net. 24 July 2017.
  30. Web site: ISC Welcomes Two Board Members. 30 October 2018.
  31. Web site: Our People - Global Footprint Network. 24 July 2017.
  32. Web site: The Hill - Stephen P. Groff.
  33. Web site: Project Syndicate - the Smartest Op-Ed Articles from the World's Thought Leaders. www.project-syndicate.org. 24 July 2017.
  34. News: Asean's Infrastructure Crisis. Stephen P.. Groff. Wall Street Journal. 28 July 2014. 24 July 2017. www.wsj.com.
  35. News: Overcoming Southeast Asia's Barriers to Trade. Stephen. Groff. Wall Street Journal. 30 June 2015. 24 July 2017. www.wsj.com.
  36. News: How private sources of development finance could be key to Asia's future. Stephen. Groff. 15 July 2015. 24 July 2017. The Guardian.
  37. Web site: Stephen P Groff - HuffPost. www.huffingtonpost.com. 24 July 2017.
  38. Web site: The 100 Most Influential People From Multilateral Organisations (TOP LIST). 23 December 2017. 12 February 2018.
  39. News: The Old Covered Bridges or Vermont; THE COVERED BRIDGE. By Herbert Wheaton Congdon. With photographs by Edmund Homer Royce. 150 pp. Brattle- boro, Vermont: Stephen Daye Press. $3.50.. The New York Times . November 9, 1941. NYTimes.com.
  40. Integrating media studies concepts into theories of the policy process: Enhancing the role of media as a climate service in the wake of recurring extreme weather events. Stephen P.. Groff. December 1, 2022. Journal of Environmental Media. 3. 2. 233–254. intellectdiscover.com. 10.1386/jem_00088_1. 257475886 .
  41. The turbulent waters of climate action: Public trust, public attention, and climate policy intractability in developed countries. Stephen. Groff. February 2, 2023. Doctoral Thesis . Erasmus University Rotterdam.
  42. Organizing the Asian Development Bank: Radical Transformation or Degenerative Irrelevance?. Stephen P.. Groff. May 16, 2022. 10.2139/ssrn.4214601 . 4214601 . 252445355 . papers.ssrn.com.
  43. The Contemporary Social Contract and Conditions of Climate Policy Intractability. Stephen P.. Groff. February 3, 2022. Global Perspectives. 3. 1. online.ucpress.edu. 10.1525/gp.2022.38730. 252979916 . free.
  44. A contemporary social contract : An exploration of enabling factors influencing climate policy intractability in developed nations. Stephen P.. Groff. November 22, 2022. Global Policy. 13. 5. 721–735. 10.1111/1758-5899.13118. 251416741 .
  45. International Climate Cooperation and the Watershed of Policy Streams. Stephen P.. Groff. January 2, 2023. Journal of Comparative Policy Analysis: Research and Practice. 25. 1. 1–18. Taylor and Francis+NEJM. 10.1080/13876988.2021.2013104. 245873453 .
  46. Magnifying Focusing Events: Global Smoke Plumes and International Construal Connections in Newspaper Coverage of 2020 Wildfire Events. Stephen P.. Groff. March 22, 2021. Frontiers in Communication. 6. 10.3389/fcomm.2021.713591 . free .
  47. Web site: China's City Clusters: Pioneering Future Mega-Urban Governance. 20 May 2019.
  48. Web site: To Resist the Robots, Invest in People | by Stephen Groff. 3 January 2018.
  49. Web site: A buffer against protectionism. Groff, Stephen. P.. 3 April 2017. 12 February 2018.
  50. Web site: Stephen Groff: Climate change challenges for Vermont - VTDigger. 19 March 2017. 12 February 2018.
  51. Web site: An Infrastructure Crisis?. Stephen P.. Groff. HuffPost. 3 March 2017. 12 February 2018.
  52. Web site: The Next Migrant Wave | by Stephen Groff. 29 December 2016.
  53. Web site: How Will ASEAN Members Cope with Their Climate Change Challenge? - Knowledge@Wharton. 12 February 2018.
  54. Web site: Putting out Indonesia's Fires | by Stephen Groff. 3 December 2015.
  55. News: Overcoming Southeast Asia's Barriers to Trade. Stephen. Groff. Wall Street Journal. 30 June 2015. 12 February 2018. www.wsj.com.
  56. Web site: Shifting the Gear toward Green Growth. Groff, Stephen. P.. 17 October 2013. 12 February 2018.
  57. News: Asean's Infrastructure Crisis. Stephen P.. Groff. Wall Street Journal. 28 July 2014. 12 February 2018. www.wsj.com.
  58. Web site: This time we must all be Filipino. 29 November 2013.
  59. Web site: Will this be the 'Asian century'? - Stephen P Groff. Stephen P.. Groff. 18 April 2012. the Guardian. 12 February 2018.
  60. Web site: The Peace Corps: Is Fifty Years Enough?. Stephen P.. Groff. HuffPost. 28 August 2011. 12 February 2018.
  61. Web site: Getting Value for Money: Effective Aid, Effective Development. Global Asia.
  62. Fund the fight against global poverty. 3 October 2008. 12 February 2018. Christian Science Monitor.

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