IMF Appoints Okonjo-Iweala

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has announced that Dr Ngozi Okonjo-Iweala has been appointed into a 12-member external advisory team of the IMF.

According to the announcement, the advisory team is a new initiative from the IMF and it will help provide perspectives from around the globe on key developments and policy issues, including policy responses to the challenges the world now faces due to the novel coronavirus (COVID-19) and its economic impact.

A draft from the statement reads:

“Even before the spread of COVID-19 and the dramatic health, economic, and financial disruptions it has brought, IMF members confronted a rapidly evolving world and complex policy issues.”

“To serve our membership well in this context, we need top-notch input and expertise from the widest range of sources, inside and outside the Fund.

“Toward this end, I am proud that an exceptional and diverse group of eminent individuals with high-level policy, market, and private sector experience has agreed to serve on my External Advisory Group.

“Today we had a dynamic discussion to gain their insights, and to receive informal reactions to our ideas and approaches.”

The list of appointees includes; Mrs Ngozi Okonjo-Iweala, former Finance Minister of Nigeria; Mr Tharman Shanmugaratnam, Senior Minister of Singapore and Chairman of the Monetary Authority of Singapore; Mrs Kristin Forbes, Professor, Massachusetts Institute of Technology; Mr Kevin Rudd, former Prime Minister of Australia; Lord Mark Malloch Brown, former United Nations Deputy Secretary-General; Mr Feike Sijbesima, Honorary Chair, DSM, Former CEO, Royal DSM; Mr Raghuram Rajan, Professor, University of Chicago; Mrs Ana Botín, Group Executive Chairman, Santander; Mrs Carmen Reinhart, Professor, Harvard University; Mr Mohamed A. El-Erian, Chief Economic Adviser, Allianz; Mr Scott Minerd, Chief Investment Officer, Guggenheim Investments; Mrs Nyaradzayi Gumbonzvanda, Chair of ActionAid International.

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