Božidar Đelić

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Not to be confused with Božidar Delić.
Božidar Đelić
Bozidar Djelic.jpg
Deputy Prime Minister of Government of Serbia
In office
May 15, 2007 – December 9, 2011
Preceded by Ivana Dulić-Marković
Minister of Science and Technological Development
In office
July 7, 2008 – March 14, 2011
Preceded by Ana Pešikan
Succeeded by Žarko Obradović
(Merged into Ministry of Education)
Minister of Finance and Economy
In office
January 25, 2001 – March 3, 2004
Succeeded by Mlađan Dinkić
Personal details
Born (1965-04-01) April 1, 1965 (age 49)
Belgrade, Serbia
Nationality Serbia
Political party Democratic Party
Children 2
Residence Belgrade, Serbia
Profession Economist
Religion Serbian Orthodox

Božidar Đelić (Serbian Cyrillic: Божидар Ђелић, pronounced [bɔ̌ʒidaːr dʑɛ̌ːlitɕ]), (born April 1, 1965 in Belgrade, Yugoslavia, now Serbia) is a Serbian economist and politician. He was the Serbian Minister of finance in the first post-Milošević government of Zoran Đinđić in 2001-2003, and vice-president of the government from May 2007 to December 2011, from the list of Democratic Party.

Early life[edit]

Đelić was born in Belgrade in 1965, as the only child.[1] His parents divorced soon after his birth and went abroad in search of better prospects, while Božidar stayed behind in Belgrade where he was raised by his maternal grandparents. Đelić later described his grandmother Mileva as the strongest figure in his childhood. When his grandparents died in 1973, he moved to Paris to live with his mother and stepfather in Paris. When her small business collapsed, the family got into difficult financial situation, and Božidar had to help his practically bankrupt family. He earned for his living by washing dishes and cleaning windows, while studying in parallel.[2] In 1980 and 1981, he won French national competitions for high-school students in history and economics.[3]


  • MBA (Master of Business Administration), Harvard Business School, Boston, MA, USA, 1991. Fulbright scholarship. Specialized in finance and marketing
  • MPA (Master of Public Administration), J.F. Kennedy School of Government, Harvard University, Cambridge, MA, USA, 1991. Lavoisier scholarship. Specialized in economic policy making
  • MA in Economics (Diplôme d’Etudes Approfondies), Ecole des Hautes Etudes en Sciences Sociales, Paris, France, 1988. Thesis on the effects of real exchange rate instability on growth in emerging countries under the direction of Charles Wyplosz
  • HEC (Hautes Etudes Commerciales) diploma, Jouy-en-Josas, France, 1987. Entered this top French business school after a national entrance exam with 7% acceptance ratio. Specialized in strategy and finance
  • IEP (Institut d’Etudes Politiques) Lauréat (summa cum laude, graduated in the top 5% of a class of 800), Paris, France, 1987. Specialized in public administration and law
  • Twice winner (lauréat du Concours général) of the prestigious national French scholarly competition in geography and economy in 1980 and 1981.


In January 2014 Bozidar Djelic joind the world leading Sovereign Advisory team of the Investment Bank Lazard in Paris - From 2008 till 2011, Božidar Djelić was the Deputy Prime Minister for European Integration, as well as the Minister for Science and Technological Development. During that period he was chief negotiator for the entry of Serbia into the European Union (EU). Coordinator of all EU financial support. In charge of the elaboration of the “Serbia 2020” strategy, matching the equivalent EU plan. In charge of the science, technology, innovation and competitiveness agenda of Serbia. Leading cabinet level efforts in the fight against poverty, sustainable development and UN Millennium Development Goals. In charge of the integration of the Roma, the most vulnerable minority group of the country. Presided over the organization of the 2009 Belgrade Universiade sports event. From 2007. till 2008, he was Sole Deputy to the Prime Minister. Chief negotiator for the entry of Serbia into the EU. Governor for Serbia of the World Bank Group and Deputy Governor of the EBRD.

Djelic was also the director of CREDIT AGRICOLE GROUP for Eastern Europe, in Paris, from 2005. till 2007. In that period he led the overall strategy in Eastern Europe and former Soviet Union for the French cooperative bank, Credit Agricole, one of the largest banks in the world. Negotiated the purchase of two banks in the region. Oversaw a credit portfolio of 16 billion euros. In the period from 2001. till 2004, Djelić was the Minisiter of Finance and Economy of Serbia. He was non partisan member of the first democratic Serbian government after the Second World War. Created and directed a 12,000 person strong administration and managed a 10 bn euro budget during three years in one of the fastest and most successful public finance reforms in the countries in transition. Serbia has been recognized as the leading reformist country by the London-based European bank for reconstruction and development (EBRD) in 2001 and 2002. Božidar Đelić was elected as a Partner in McKINSEY&COMPANY. Active during a seven-year period (1993-2000)in the Paris and Silicon Valley offices. Negotiated several dozen top management projects and led teams of hundreds of consulting and client team members. Specialized in financial institutions, media and technology. Selected as leader of the European asset management practice and as one of the seven members of the global Digital Council of the Firm.

He was also working as adviser to the Russian Government in Moskow (1992-1993) and during that period, he created and led the Macroeconomics and Finance Unit attached to the cabinet of the late Deputy Prime Minister and Finance Minister Boris Fyodorov. Drafted key reform programs and legislation. Helped the Deputy Prime Minister and Privatization Minister Anatolii Chubais on the privatization program. Advised the late acting Prime Minister Egor Gaidar on macroeconomic reform. Also advised the Polish Government in Warsaw, from 1991. till 1992. He was advisor on the Mass Privatization Program through investment funds of the Polish Privatization Ministry under the leadership of Janusz Lewandowski. Advised the Finance Minister Leszek Balcerowicz on macroeconomic reform and participated in the creation of the Warsaw Stock Exchange.


In 2004, he was selected as one of the “200 Young Global Leaders for the years 2005-2010” by the World Economic Forum in Davos. Also selected as one of the “50 stars of Europe” by the US weekly Times in 2001. Voted as “Man of the year” of Serbia by the leading Belgrade weekly Vreme for 2001, and by other papers for the year 2002. Published in 2006 a best selling book “Serbia: things will get better” containing analyses and action plans on all major political, economic and social topics. Speaks fluently Serbian, French and English, very good knowledge of Russian and German, average knowledge of Polish. Father of two girls, Milena and Alma.


  1. ^ Gerry Emons (OIctober 1, 2002). "Banishing Balkan Ghosts: Bozidar Djelic and the Rebirth of a Nation". Harvard Business School Alumni Bulletin. Archived from the original on October 22, 2002.  Check date values in: |date= (help)
  2. ^ Dimitrije Boarov (January 3, 2002). "Jednog dana nismo imali ni za hleb" (in Serbian). Vreme. Archived from the original on August 17, 2002. 
  3. ^ Vojislav Stevanović (November 28, 2002). "Božidar Đelić: Čuvar prazne kase". Danas. [dead link]

External links[edit]