Asian Infrastructure Investment Bank Appoints Okonjo Iweala

Advertisement

Asian Infrastructure Investment Bank Appoints Okonjo Iweala to advisory panel.

Mrs Ngozi Okonjo-Iweala, Former Minister of Finance and Coordinating Minister if the economy under president Goodluck Jonathan has been appointed a member of the international advisory panel of Asian Infrastructure Investment Bank (AIIB).

The AIIB Senior Communication Officer, Mr. Song Liyan, in a statement on Friday, announced that Okonjo-Iweala would join 10 other key persons on the panel.

READ ALSO:  I Am Not Interested In Serving In Buhari’s Govt – Okonjo-Iweala

The statement disclosed that the Panel provides impartial, objective and independent advice to the President of the Bank.

This allows the Bank to benefit from the international experience and expertise of panel members.

AIIB President, Jin Liqun, was quoted to have said that the panel members would advise the bank on the development of its strategy.

The statement read:

“It is a great honour to convene such an experienced and diverse group of international leaders to advise on the development of the Bank’s strategy.



“I have no doubt that the advice the panel provides will help shape the development of the Bank in the years ahead.

“I could not ask for a better group of ambassadors to help promote our new Bank to the world.”

Bank Appoints Okonjo Iweala On Advisory Panel

Apart from Okonjo-Iweala, other panel members include former Bank Negara Malaysia Governor Dr Zeti Aziz, former Pakistan Prime Minister Shaukat Aziz, and former Swedish finance minister Anders Borg.

Also on the panel are former Timor-Leste Finance Minister Emilia Pires, former World Bank Chief Economist Nicholas Stern and former Japanese Prime Minister Yukio Hatoyama, and Global Foundation Secretary-General Steve Howard.

READ ALSO:  Ex-Finance Minister Okonjo Iweala In Trouble Over Missing Trillions

Also included are Korea National Diplomatic Academy Chair Professor and former South Korean Deputy Prime Minister and Strategy and Finance minister Dr. Oh-Seok Hyun.

Former U.S. ambassador Paul Speltz and London School of Economics Professor and former Hong Kong Chief Executive Tung Chee-Hwa are the remaining panel members.

AIIB, a multilateral international development bank was set up on Dec. 25, 2015, with an initial capital of 100 billion U.S. dollars (RM419bn), one million shares and an initial paid-up capital of 20 billion U.S. dollars.