Vladimer Papava was born in Tbilisi on March 25, 1955. In 1972 he finished Tbilisi secondary school No 15 with a gold medal. That same year he enrolled at the Faculty of Engineering Economics of the Tbilisi State University with a specialization in economic cybernetics graduating it with excellence in 1977. In 1977 he started to work as a Junior Research Fellow at the Institute of Economics and Law of the Georgian Academy of Sciences. In 1978-1982 he was a research intern at the Central Economic Mathematical Institute of the Academy of Sciences of the USSR and later a post-graduate student at the same institute. In 1982 Vladimer Papava returned to the Institute of Economics and Law of the Georgian Academy of Sciences, where he held the positions of junior, senior, leading and principal research fellows. In 1991 he was elected as the Director of the Institute of Economics and Law.
On June 24, 1994 Papava was appointed Minister of Economy by decision of the Head of State of Georgia; he held this position until May 2000. Vladimir Papava is the author of 343 papers, monographs, textbooks and articles with 34 articles published in international and 24 – in Russian journals with high impact factor. He has published 14 monographs abroad (USA, Sweden, Russia, Greece, Azerbaijan). The citation index under Publish or Perish 4 is 490. He is a member of the editorial boards of two international and one Russian scientific journals with high impact factors. During years Vladimer Papava performed various duties: Editor-in-Chief of the Proceedings of the Georgian Academy of Sciences – Economic Series (1992-2005); Chairman of the Coordinating Economic Council of the Scientific Experts Board of Georgia (1992-2003); Member of the Economic Council of the President of Georgia (1993-2003; 2005-present); Alternate Governor of the World Bank for Georgia (USA, 1994-2000); Member of the Editorial Board of the Problems of Economic Transition (USA, 1997-present); Member of the Editorial Board of the Society and Economics (Russia, 1998-present); Member of the Editorial Board of the Central Asia and The Caucasus (Sweden, 2004-present); Member of the Editorial Board of The Caucasus & Globalization (Sweden, 2006-present); Member of the Transatlantic Steering Group for Project on Democratic Transitions (USA, 2006-present); Senior Associate Fellow of the Central Asia-Caucasus Institute & Silk Road Studies Program Joint Center (Johns Hopkins University-SAIS) (2006-present); Member of the CASE (Center for Social and Economic Research) Advisory Council (Poland, 2007-present); Chairman of the Scientific Committee for Economics of the National Academy of Sciences of Georgia (2011-present); Member of the Board of Advisers of the Minister of Finance of Georgia (2013-present).
Eteri Kvintradze graduated from Tbilisi State University with a diploma in international economic relations in 1996. She has M.A. in development economics from Williams College and Ph.D. in economics from Georgetown University. She received Edmund S. Muskie fellowship for both graduate programs.
Eteri was actively engaged in ISET's establishment in 2006 and maintained an informal advisory role with ISET until her appointment in the governing board in 2010. At different points of her career Eteri served as Deputy Minister of Finance for Georgia, Advisor to the Executive Director of the World Bank, and worked on International Monetary Fund's assistance programs in Mozambique, Bangladesh and Sri Lanka. Currently, Eteri is Resident Representative of the International Monetary Fund in Sri Lanka and Maldives, following her posting in Bangladesh.
Günther Bächler, born 1953 in Basel, originally from Trub (Canton of Berne), is trained in Art and History of Art (University of Basel) as well as in Political Science, Regional Studies, and Modern History at the Free University Berlin, Germany. He holds a Ph.D. in Conflict Studies (summa cum laude) from the University of Bremen. He was a Senior Research Fellow at the Institute of Peace Research and Security Studies at the University of Hamburg where he focused his research on issues related to the East –West Conflict. Between 1988 and 2000 he was the founding director of the Swiss Peace Foundation, a Berne based independent scientific institute in the field of peace and conflict research.
In 1996 he got trained in mediation and negotiation at the Harvard Negotiation Programme and at the JFK School of Government, Cambridge MA. It is because of his experience in both, peace research, international relations, and conflict transformation that he became Head of the newly established Conflict Prevention and Transformation Division at the Swiss Agency for Development and Cooperation (SDC) in January 2001. In May 2005 he was appointed as a Special Adviser for Peace Building in Nepal by the Swiss Foreign Ministry, Political Division IV - Human Security. He contributed successfully to the dynamic peace and constitution making process in the Himalayan country. In November 2007 he was nominated by the Swiss Foreign Ministry as Senior Adviser for Peace Building in Darfur, Sudan. From August 2009 onwards he served as a Senior Mediator in the same department. Until June 2010 he was actively involved in the Peace Talks on Darfur in Doha, Qatar.
After starting his career as a management consultant, Mr. Fleury has held various managerial positions in the food industry in Iran, Morocco, Egypt, Greece, Georgia, Russia and Ukraine. For twelve years, he served as the C.E.O of the Georgian Glass and Mineral Water Company (now IDS-Borjomi). In this capacity, Mr. Fleury has presided over the creation of the largest industrial group in the ex-Soviet Union in the field of Mineral Water, with several production units in Ukraine, Georgia and Russia.
In 2002, along with his Georgian partners, Mr. Fleury founded Chateau Mukhrani leading the revival of the most prestigious Georgian wine Estate of the nineteenth century. Jacques Fleury is a director of Georgian Wines and Spirits, a company acquired from Pernod-Ricard, a director of Chateau Mukhrani and a Board member of the Georgian Wine Association. In 2014, Mr. Fleury joined the Board of the International School of Economy of Tbilisi. He is by training an industrial engineer, with post graduate education in management from the University of Paris and the London School of Economics.
Before being appointed to lead the Oil Fund, Mr. Movsumov had an extensive career at the National Bank of Azerbaijan. He held several leading positions at the central bank, most recently serving as Executive Director, with responsibility for implementation of monetary policy. He was also a member of the National Bank's Investment Committee.
Mr. Movsumov is a graduate of the Moscow Institute of International Relations, where he studied international economics, and the Kennedy School of Government at Harvard University, where he received his Master's in Public Administration. He was a Mason Fellow at Harvard, as well as recipient of the 2003 U.S.-Azerbaijan Chamber of Commerce Scholarship. Mr. Movsumov speaks English, French, Turkish, and Russian.