Okonjo-Iweala Appointed Into IMF Advisory Group

By Ayodele Oluwafemi

Nigeria’s former Minster of Finance, Ngozi Okonjo-Iweala has been appointed as a member of an external advisory group to the managing director of the International Monetary Fund, IMF Kristalina Georgieva.

Recently, Okonjo-Iweala was appointed as member of South Africa’s economic advisory council.

Announcing the appointment, Georgieva, noted the advisory group was appointed to provide expertise input for the Fund.

Other members of the advisory group include: Tharman Shanmugaratnam, senior minister of Singapore and chairman of the Monetary Authority of Singapore; Ana Botín, group executive chairman of Santander Carmen Reinhart, professor at Harvard University; Mohamed A. El-Erian, chief economic adviser of Allianz; Scott Minerd, chief investment officer of Guggenheim Investments; Nyaradzayi Gumbonzvanda, chair of ActionAid International; Kristin Forbes, professor at Massachusetts Institute of Technology; Kevin Rudd, former prime minister of Australia; Mark Malloch Brown, former United Nations deputy secretary-general; Feike Sijbesima, honorary chair, DSM and former CEO, Royal DSM and

Raghuram Rajan, professor at University of Chicago.

Part of 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.”

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