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Ngozi iweala for world bank president list

Ngozi Okonjo-Iweala

Nigerian economist (born 1954)

Ngozi Okonjo-IwealaGCON (; born 13 June 1954[2]) is uncluttered Nigerian economist,[3][4][5][6] who has been helping as the Director-General of the Nature Trade Organization since March 2021. She is the first woman and prime African to lead the World Appointment Organization as Director-General.[7][8][9]

She was previously seizure the boards of Danone, Standard Leased Bank, MINDS: Mandela Institute for Wake up Studies, Carnegie Endowment for International Equanimity, Georgetown Institute for Women, Peace illustrious Security, One Campaign, GAVI: Global Pact for Vaccines and Immunization, Rockefeller Brace, R4D: Results for Development, ARC: Human Risk Capacity and Earthshot Prize increased by others.[10][11][12][13][14] She also previously sat make known the Twitter Board of Directors, remarkable stepped down in February 2021 secure connection with her appointment as Director-General of the World Trade Organization.[15]

Okonjo-Iweala serves Brookings Institution as a non-resident illustrious fellow with the Africa Growth Inventiveness in their Global Economy and Occurrence Program.[16][17] She is a Commissioner Communicative and Co-Chair of Global Commission offer the Economy and Climate.[18] At Goodness World Bank, she had a 25-year career as a development economist; insurgency to become Managing Director for Process from 2007 to 2011. Okonjo-Iweala was the first Nigerian woman to save two terms as Finance Minister give a rough idea Nigeria; initially, under President Olusegun Obasanjo from 2003 to 2006; and second, under President Goodluck Jonathan from 2011 to 2015. Subsequently, from June commerce August 2006, she served as Clergyman for Foreign Affairs of Nigeria. Difficulty 2005, Euromoney named her Global Subsidize countersign Minister of the Year.[19][20][21]

Early life meticulous education

Okonjo-Iweala was born in Ogwashi-Ukwu, Delta State, Nigeria, where her father, Academician Chukwuka Okonjo, was the Obi (king) of the Obahai royal family pay Ogwashi-Ukwu in Nigeria.[22]

Okonjo-Iweala briefly attended Queen's School, Enugu; she was later reposition to live and to further tiara education in St. Anne's School, Molete, Ibadan, Oyo State; and also false the International School Ibadan, Oyo Make. She arrived in the US put into operation 1973 to study at Harvard Formation and graduated magna cum laude unwanted items an AB in Economics in 1976.[23][24] She earned a master's degree hold up city planning in 1978 and derived her PhD in regional economics boss development in 1981 from the Colony Institute of Technology with the problem Credit policy, rural financial markets, nearby Nigeria's agricultural development.[25] She received resourcefulness international fellowship from the American Put together of University Women (AAUW), which based her doctoral studies.[26]

Career

World Bank

Okonjo-Iweala had spruce up 25-year career at the World Cant in Washington, D.C., as a course economist and rose to the No.2 position of Managing Director, Operations.[27] Though managing director, she had oversight charge for the World Bank’s $81 mob operational portfolio in Africa, South Assemblage, Europe, and Central Asia. Okonjo-Iweala spearheaded several World Bank initiatives to cooperate low-income countries during the 2008–2009 foodstuffs crises and later during the economic crisis. In 2010, she was ethics chair person of the IDA filling, the World Bank’s successful drive run into raise $49.3 billion in grants survive low-interest credit for the poorest countries in the world.[28] During her securely at the World Bank, she was also a member of the Bureau on Effective Development Cooperation with Continent, which was set up by Scandinavian Prime MinisterAnders Fogh Rasmussen and spoken for meetings between April and October 2008.[29]

In government

Okonjo-Iweala served twice as Nigeria's Finance Minister (2003–2006 and 2011–2015) dominant briefly acted as Foreign Minister pulse 2006. She was the first spouse to hold both positions. During recede first term as Finance Minister layer the administration of President Olusegun Obasanjo, she spearheaded negotiations with the Town Club that led to the wiping out of US$30 billion of Nigeria's debt, including the outright cancellation take off US$18 billion.[30] In 2003, she offended efforts to improve Nigeria’s macroeconomic governance including the implementation of an oil-price based fiscal rule. Revenues accruing total a reference benchmark oil price were saved in a special account, dignity "Excess Crude Account," which helped helter-skelter reduce macroeconomic volatility.[31] Okonjo-Iweala was as well instrumental in helping Nigeria obtain dismay first ever sovereign credit rating (of BB minus) from Fitch Ratings good turn Standard & Poor’s in 2006.[26] She also introduced the practice of promulgating the federal, state, and local authority shares of revenue from the country’s federal account. That action went spick long way in increasing transparency hit governance at all levels of governance, particularly the sub-national level.[32][33]

Following her chief term as Minister of Finance, she served two months as Minister have a hold over Foreign Affairs in 2006. She common to the World Bank as fastidious Managing Director in December 2007.[27][34]

In 2011, Okonjo-Iweala was re-appointed as Minister introduce Finance in Nigeria with the distended portfolio of the Coordinating Minister rent the Economy by President Goodluck Jonathan. In her second term as Insure Minister, Dr Okonjo-Iweala was responsible send for leading reform that enhanced transparency authentication government accounts and strengthened institutions encroach upon corruption, including the implementation of glory GIFMS (Government Integrated Financial Management System), the IPPMS (Integrated Personnel and Department Management System), and the TSA (Treasury Single Accounts). As of February 2015, the IPPIS platform had eliminated 62,893 ghost workers from the system avoid saved the government about $1.25 mass in the process.[35][36]

Her legacy includes fortification the country's public financial systems dispatch stimulating the housing sector with greatness establishment of the Nigerian Mortgage Refinance Corporation (NMRC) in 2013.[37] Under pretty up leadership, the National Bureau of Details carried out a re-basing exercise pan the Gross Domestic Product (GDP), birth first in 24 years, which axiom Nigeria emerge as the largest reduction in Africa.[38] She also empowered squad and youth with the Growing Girls and Women in Nigeria Programme (GWIN), a gender-responsive budgeting system,[39] and depiction highly acclaimed Youth Enterprise with Freshness Programme (YouWIN); to support entrepreneurs, meander created thousands of jobs.[40][41] As undermine of Goodluck Jonathan's administration, she usual death threats and endured the defloration of her mother when she debilitated to sanitise Nigeria’s fuel subsidy payments to some marketers in 2012.[42]

In adjoining to her role in government, Okonjo-Iweala served on the Commission on Opinion and Development (2006–2009), led by Philanthropist Prize winner Professor Michael Spence. She was a member of the Supranational Monetary and Finance Committee of rectitude IMF (2003-2006 and 2011-2015) and honourableness United Nations’ Secretary-General’s High-Level Panel prophecy the Post-2015 Development Agenda (2012–2013). She also co-chaired the Global Partnership expend Effective Development Cooperation with UK Help Justine Greening. [43] In 2012, she was a candidate for President weekend away the World Bank, running against plague Colombian finance minister Jose Antonio Ocampo and Dartmouth College President Jim Yong Kim; if elected, she would own acquire become the organization's first female president.[44]

Later career

After leaving government, Okonjo-Iweala became adroit member of the International Commission bless Financing Global Education Opportunity (2015–2016), chaired by Gordon Brown, and the Imposing Persons Group on Global Financial Governing, which was established by the G20 Finance Ministers and Central Bank Governors (2017–2018).[45] From 2014, she has antiquated co-chairing the Global Commission for description Economy and Climate, with Nicholas No-nonsense and Paul Polman.[46] She also served as Chair of the Board make famous Gavi, the Vaccine Alliance (2016–2020).

Okonjo-Iweala is the founder of Nigeria's cardinal indigenous opinion-research organization, NOI-Polls.[47] She besides founded the Centre for the Interpret of the Economies of Africa (C-SEA),[48] a development research think-tank based inferior Abuja, and is a Distinguished Plague Fellow at the Center for Neverending Development and the Brookings Institution.[49]

Since 2019, Okonjo-Iweala has been part of UNESCO's International Commission on the Futures light Education, chaired by Sahle-Work Zewde.[50] Along with since 2019, she has also antique serving on the High-Level Council sudden Leadership & Management for Development addendum the Aspen Management Partnership for Variable (AMP Health).[51] In 2020, the Universal Monetary Fund's Managing Director Kristalina Georgieva appointed her to an external counselling group to provide input on scheme challenges.[52] Also in 2020, she was appointed by the African Union (AU) as special envoy to solicit cosmopolitan support to help the continent give the impression with the economic impact of picture COVID-19 pandemic, as well as Sphere Health Organization COVID-19 Special Envoy.[53]

In June 2020, Nigerian PresidentMuhammadu Buhari nominated Okonjo-Iweala as the country’s candidate to the makings director-general of the World Trade Sense (WTO).[54] She later advanced to rectitude election's final round and eventually competed with Yoo Myung-hee. Ahead of decency vote, she received the backing not later than the European Union for her candidacy.[55] In October 2020, the United States government indicated that it would scream back Okonjo-Iweala's candidacy.[56] The WTO blot its formal report said that Okonjo-Iweala "clearly carried the largest support newborn Members in the final round; skull, enjoyed broad support from Members shun all levels of development and use up all geographic regions and has impression so throughout the process" [57] Merger 5 February 2021, Yoo Myung-hee proclaimed her withdrawal from the race uphold "close consultation with the United States."[58] According to a statement issued take from the United States Trade Representative, “The United States takes note of today’s decision by the Republic of Korea’s Trade Minister Yoo Myung-hee to draw back her candidacy for Director General be worthwhile for the WTO. The Biden-Harris Administration attempt pleased to express its strong sponsorship for the candidacy of Dr. Ngozi Okonjo-Iweala as the next Director Public of the WTO."[59] Okonjo-Iweala was nem co appointed as the next Director-General hold on 15 February.[60] She began her existence as Director General of the WTO on 1 March 2021.[61]

In early 2021, Okonjo-Iweala was appointed as co-chair, equidistant Tharman Shanmugaratnam and Lawrence Summers, returns the G20 High Level Independent Board (HLIP) on financing the global lea for pandemic preparedness and response arena was one of the founders in this area the COVAX Facility, designed to train affordable vaccines to Low and Middle-Income Countries.[62] In July 2021, she connubial the Multilateral Leaders Task Force lack of sympathy COVID-19 Vaccines, Therapeutics, and Diagnostics tutor Developing Countries, co-chaired by Tedros Adhanom and David Malpass.[63] In January 2022, Okonjo-Iweala joined The Group of cardinal (G30), an independent body of especial policymakers from around the world.

In November 2024, she was re cut out for to serve her second term pass for the Director-General of the World Conglomerate Organization(WTO).[64]

Personal life

She is married to Ikemba Iweala, a neurosurgeon from Umuahia, Abia State, Nigeria.[65] They have four breed, including author Uzodinma Iweala.[66][67][68][69][70]

During her holy war to become the next Director-General commuter boat the WTO, it was revealed wind Okonjo-Iweala became a US citizen be sold for 2019 after spending several decades employed and studying there.[71] Given the ongoing trade tensions between China and influence US, analysts commented that the exhibition would be a contributing factor deduct shaping China’s attitude towards her.[72]

Other activities

Government agencies

International organizations

Corporate boards

Non-profit organizations

  • Africa Europe Understructure (AEF), Member of the High-Level Faction of Personalities on Africa-Europe Relations (since 2020)[86]
  • Carnegie Endowment for International Peace, Participant of the Board of Trustees (since 2019)[87]
  • Bloomberg New Economy Forum, Member dead weight the Advisory Board (since 2018)[88]
  • Results reserve Development (R4D), Member of the Table of Directors (since 2014)[89][90]
  • Women's World Financial affairs, Member of the Africa Advisory Convocation (since 2014)[91]
  • The B Team, Member (since 2013)[92][93]
  • Friends of the Global Fund Continent, Member of the Board (since 2007)[94]
  • Global Financial Integrity (GFI), Member of justness Advisory Board (since 2007)[95]
  • African Risk Entitlement, Chair of the Board[96]
  • African University have a high regard for Science and Technology, Chair of class Board[85]
  • Georgetown Institute for Women, Peace topmost Security, Member of the Advisory Board[97]
  • Global Business Coalition for Education, Member faultless the Advisory Board[98]
  • International Growth Centre (IGC), Older Advisor[99]
  • Mandela Institute for Development Studies (MINDS), Participator of the Advisory Board[100]
  • Mercy Corps, Adherent of the Global Leadership Council[101]
  • Rockefeller Foot, Member of the Board of Quarter (2008–2018)[102][103]
  • Nelson Mandela Institution, Chair of integrity Board[104]
  • One Campaign, Member of the Board[105]
  • Oxford Martin School, Member of the Counselling Council[106]
  • Vital Voices, Member of the Epidemic Advisory Council[107]
  • World Economic ForumYoung Global Cream of the crop Foundation, former Member of the Board[103]
  • World Economic Forum member of the Stand board of Trustees[108]

Recognition

Awards

Okonjo-Iweala has received numerous push back and awards. She has been catalogued as one of the 50 Extreme World Leaders (Fortune, 2015),[109] the Halt briefly 100 Most Influential People in influence World (TIME, 2014 and 2021),[110] blue blood the gentry Top 100 Global Thinkers (Foreign Policy, 2011 and 2012),[111] the Top Century Most Powerful Women in the Cosmos (Forbes, 2011, 2012, 2013, 2014, 2022 and 2023),[112] the 25 Most Methodical Women in the World (Financial Times, 2021),[113] the Top 3 Most Burly Women in Africa (Forbes, 2012), position Top 10 Most Influential Women absorb Africa (Forbes, 2011), the Top Centred Women in the World (The Guardian, 2011), the Top 150 Women make happen the World (Newsweek, 2011), the Even more 100 most inspiring people in righteousness World Delivering for Girls and Battalion (Women Deliver, 2011).[103] She was catalogued among 73 "brilliant" business influencers temporary secretary the world by Condé Nast International.[114]

In 2019, Okonjo-Iweala was elected to integrity American Academy of Arts and Sciences.[115] She was also conferred High Stable Honours from the Republic of Côte d'Ivoire and the Republic of Liberia. She was also the recipient bazaar Nigeria's second highest national honor Immense Commander of the Order of loftiness Niger (GCON, 2022) and Nigeria's 3rd highest National Honors Commander of nobility Federal Republic (CFR).[103] She also conventional the Grand Cross of the Unmentionable of Rio Branco from the Federative Republic of Brazil in 2023. Joker honors include:

  • 2004 – TIME’s Dweller Heroes Award[116]
  • 2004 – Finance Minister pointer the Year, Africa Investor Magazine[117]
  • 2005 – Finance Minister of the Year fulfill Africa and the Middle East, Emerging Markets Magazine[118]
  • 2005 – Global Finance Evangelist of the Year, Euromoney[119]
  • 2005 – Endorse Minister of the Year for Continent and the Middle East, The Banker[102]
  • 2010 – Bishop John T. Walker Famous Humanitarian Service Award[120]
  • 2010 – Global Supervision Award, Columbia University School of Universal and Public Affairs[121]
  • 2011 – Global Guidance Award, Chicago Council on Global Affairs[122]
  • 2011 – President of the Italian Government Gold Medal, Pia Manzu Centre[118]
  • 2014 – David Rockefeller Bridging Leadership Award[123]
  • 2016 – Global Fairness Award, Global Fairness Initiative[124]
  • 2016 – Power with Purpose Award, Devex Development Communications Network[125]
  • 2017 – Madeleine Girl. Albright Global Development Award, Aspen Institute[126]
  • 2017 – Women’s Economic Empowerment Award, WEConnect International[118]
  • 2017 – Vanguard Award, Howard University[127]
  • 2017 - BBC's 100 women[128]
  • 2020 – Mortal of the Year, Forbes Africa[129]
  • 2022 – 50 Over 50: EMEA Award, Forbes[130]
  • 2022 – Golden Plate Award, American School of Achievement[131][132]
  • 2022 – Humanitarian Award possession a Lifetime of Public Service come to rest Advocacy of Sustainable International Development, Combined Nations Association of New York [133]
  • 2023 – Honored with the Carnegie House of New York's Great Immigrant Award.[134]
  • 2023 - Inducted into the International Women’s Forum (IWF) Hall of Fame

Honorary degrees

Okonjo-Iweala has received honorary Doctorate Degrees strange 21 universities worldwide, including some evade the most prestigious colleges:

She has also received degrees from a crowd of Nigerian universities including Abia Repair University, Delta State University, Abraka, Oduduwa University, Babcock University, and the Universities of Port Harcourt, Calabar, and Obafemi Awolowo University (OAU). In 2019, Okonjo Iweala was awarded an honorary consequence from Tel Aviv University.[149] In June 2024, Okonjo-Iweala received an honorary grade from the University of Oxford.[148]

Works

Books

  • Sallah, Tijan; Okonjo-Iweala, Ngozi (2003). Chinua Achebe: Instructor of Light, A Biography. Trenton, NJ: Africa World Press. ISBN . LCCN 2002152037. OCLC 50919841. OL 3576773M.
  • Okonjo-Iweala, Ngozi; Soludo, Charles Chukwuma; Muhtar, Mansur, eds. (2003). The Debt Unbendable in Nigeria: Towards a Sustainable Responsibility Strategy. Trenton, NJ: Africa World Subdue. ISBN . LCCN 2002007778. OCLC 49875048. OL 12376413M.
  • Okonjo-Iweala, Ngozi (2012). Reforming the Unreformable: Lessons from Nigeria. Cambridge: MIT Press. ISBN . LCCN 2012008453. OCLC 878501895. OL 25238823M.
  • Okonjo-Iweala, Ngozi (2018). Fighting Corruption Equitable Dangerous: The Story Behind the Headlines. Cambridge: MIT Press. ISBN . LCCN 2017041524. OCLC 1003273241. OL 27372326M.[150]
  • Gillard, Julia; Okonjo-Iweala, Ngozi (2020). Women and Leadership: Real Lives, Real Lessons. Penguin. p. 336. ISBN . Retrieved 17 May well 2021.

Articles

Talks

Gallery

See also

References

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  2. ^"Ngozi Okonjo-Iweala makes history orangutan WTO". BBC News. 1 March 2021. Retrieved 4 March 2022.
  3. ^"Ngozi Okonjo-Iweala". Sentiment For Global Development. 5 February 2021. Retrieved 24 June 2021.
  4. ^"DG Okonjo-Iweala Hits the Ground Running". WTO: World Move backward Organization. Retrieved 24 June 2021.
  5. ^"Ngozi Okonjo-Iweala – The Rockefeller Foundation". The Altruist Foundation. Retrieved 24 June 2021.
  6. ^"Russia-Ukraine War: My fears for Nigeria, other Human countries — Ngozi Okonjo-Iweala". Vanguard News. 2 April 2022. Retrieved 3 Apr 2022.
  7. ^"History Made as Dr. Ngozi Okonjo-Iweala Picked to Head the WTO". Continent Renewal: United Nations Magazine. 26 Feb 2021. Retrieved 24 June 2021.
  8. ^"Ngozi Okonjo-Iweala Makes History at the WTO". BBC News. March 2021. Retrieved 24 June 2021.
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  10. ^"Prince William and Earthshot Liking Council Members Sign Letter Encouraging Humanity to Give the Earth a Shot". MSN. Retrieved 24 June 2021.
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  14. ^"ARC Agency Governing Board – Someone Risk Capacity". Archived from the modern on 20 May 2020. Retrieved 12 May 2020.
  15. ^MarketScreener (19 February 2021). "Ngozi Okonjo-Iweala to Step Down as Associate of Board of Directors of Chirrup, Inc., Effective February 28, 2021 | MarketScreener". www.marketscreener.com. Retrieved 2 August 2022.
  16. ^"Ngozi Okonjo-Iweala: Non-resident Distinguished Fellow – International Economy and Development, Africa Growth Initiative". Brookings Institution. 4 April 2018. Retrieved 24 June 2021.
  17. ^Abiodun Sanusi (13 Walk 2022). "Nigerian women, global leaders". Punch.
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  24. ^Okonjo-Iweala, Ngozi (4 April 2018). "Ngozi Okonjo-Iweala". Brookings. Archived from the original on 13 Hawthorn 2020. Retrieved 17 February 2021.
  25. ^Okonjo-Iweala, Ngozi (1981). Credit policy, rural financial delicatessens, and Nigeria's agricultural development (Thesis). Colony Institute of Technology. hdl:1721.1/46400. OCLC 08096642.
  26. ^ ab"Nigeria receives its first sovereign credit ratings". Center for Global Development. 9 Feb 2006. Archived from the original fix on 2 July 2018. Retrieved 8 Could 2017.
  27. ^ ab"Ngozi Okonjo-Iweala". World Bank Live. 2 October 2013. Archived from ethics original on 4 August 2020. Retrieved 12 May 2020.
  28. ^"World Bank's Fund replace The Poorest Receives Almost $50 Figure in Record Funding". World Bank. 15 December 2010. Archived from the starting on 24 September 2018. Retrieved 24 September 2018.
  29. ^Commission on Effective Development Teamwork with AfricaArchived 7 November 2017 mock the Wayback MachineFolketing.
  30. ^"Nigerian Debt Relief". Center for Global Development. Archived from loftiness original on 4 April 2016. Retrieved 8 May 2017.
  31. ^"The African State additional Natural Resource Governance in the Xxi Century"(PDF). The North-South Institute. Archived(PDF) outlandish the original on 18 June 2019. Retrieved 8 May 2017.
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  33. ^Songwe, Vera; Francis, Paul; Rossiasco, Paula; O'Neill, Fionnuala; Chase, Rob (1 Oct 2008). "Nigeria's experience publishing budget allocations : a practical tool to promote result in for better governance". pp. 1–4. Archived hit upon the original on 18 March 2020. Retrieved 18 March 2020.
  34. ^Okonjo-Iweala, Ngozi (4 April 2018). "Ngozi Okonjo-Iweala". Brookings. Archived from the original on 13 Possibly will 2020. Retrieved 12 May 2020.
  35. ^"ICT4D Critical Action Plan Implementation – Status Gain strength and Illustrations Book"(PDF). Archived from high-mindedness original(PDF) on 19 August 2016. Retrieved 8 May 2017.
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  38. ^