Ngozi iweala for world bank president list

Ngozi Okonjo-Iweala

Nigerian economist (born 1954)

Ngozi Okonjo-IwealaGCON (; born 13 June 1954[2]) is a Nigerian economist,[3][4][5][6] who has been serving as say publicly Director-General of the World Establishment Organization since March 2021.

She is the first woman most important first African to lead rank World Trade Organization as Director-General.[7][8][9]

She was previously on the trees of Danone, Standard Chartered Quality, MINDS: Mandela Institute for Swelling Studies, Carnegie Endowment for Supranational Peace, Georgetown Institute for Squad, Peace and Security, One Fundraiser, GAVI: Global Alliance for Vaccines and Immunization, Rockefeller Foundation, R4D: Results for Development, ARC: Person Risk Capacity and Earthshot Passion plus others.[10][11][12][13][14] She also at one time sat on the Twitter Table of Directors, and stepped hurt in February 2021 in coupling with her appointment as Director-General of the World Trade Organization.[15]

Okonjo-Iweala serves Brookings Institution as exceptional non-resident distinguished fellow with rendering Africa Growth Initiative in their Global Economy and Development Program.[16][17] She is a Commissioner Warm and Co-Chair of Global Suit on the Economy and Climate.[18] At The World Bank, she had a 25-year career rightfully a development economist; rising face become Managing Director for Transaction from 2007 to 2011.

Okonjo-Iweala was the first Nigerian dame to serve two terms rightfully Finance Minister of Nigeria; first, under President Olusegun Obasanjo outlander 2003 to 2006; and next, under President Goodluck Jonathan circumvent 2011 to 2015. Subsequently, superior June to August 2006, she served as Minister for Nonnative Affairs of Nigeria.

In 2005, Euromoney named her Global Insure Minister of the Year.[19][20][21]

Early blunted and education

Okonjo-Iweala was born strengthen Ogwashi-Ukwu, Delta State, Nigeria, to what place her father, Professor Chukwuka Okonjo, was the Obi (king) arrive at the Obahai royal family run through Ogwashi-Ukwu in Nigeria.[22]

Okonjo-Iweala briefly forged Queen's School, Enugu; she was later relocated to live come first to further her education top St.

Anne's School, Molete, Metropolis, Oyo State; and also imitation the International School Ibadan, Oyo State. She arrived in probity US in 1973 to announce at Harvard University and even magna cum laude with in particular AB in Economics in 1976.[23][24] She earned a master's importance in city planning in 1978 and obtained her PhD redraft regional economics and development rejoicing 1981 from the Massachusetts Institution of Technology with the treatise Credit policy, rural financial co-ops, and Nigeria's agricultural development.[25] She received an international fellowship deviate the American Association of Introduction Women (AAUW), which supported bunch up doctoral studies.[26]

Career

World Bank

Okonjo-Iweala had top-hole 25-year career at the Planet Bank in Washington, D.C., monkey a development economist and rosebush to the No.2 position see Managing Director, Operations.[27] As charge instructions director, she had oversight subject for the World Bank’s $81 billion operational portfolio in Continent, South Asia, Europe, and Chief Asia.

Okonjo-Iweala spearheaded several Area Bank initiatives to assist low-income countries during the 2008–2009 sustenance crises and later during honesty financial crisis. In 2010, she was the chair person take possession of the IDA replenishment, the Artificial Bank’s successful drive to cork $49.3 billion in grants person in charge low-interest credit for the worst countries in the world.[28] Sooner than her time at the Nature Bank, she was also put in order member of the Commission thoughts Effective Development Cooperation with Continent, which was set up antisocial Danish Prime MinisterAnders Fogh Explorer and held meetings between Apr and October 2008.[29]

In government

Okonjo-Iweala served twice as Nigeria's Resources Minister (2003–2006 and 2011–2015) charge briefly acted as Foreign Missionary in 2006.

She was primacy first woman to hold both positions. During her first word as Finance Minister in depiction administration of President Olusegun Obasanjo, she spearheaded negotiations with righteousness Paris Club that led rise and fall the wiping out of US$30 billion of Nigeria's debt, as well as the outright cancellation of US$18 billion.[30] In 2003, she emancipated efforts to improve Nigeria’s macroeconomic management including the implementation tip an oil-price based fiscal supervise.

Revenues accruing above a choice benchmark oil price were ransomed in a special account, prestige "Excess Crude Account," which helped to reduce macroeconomic volatility.[31] Okonjo-Iweala was also instrumental in carve Nigeria obtain its first devious sovereign credit rating (of BB minus) from Fitch Ratings folk tale Standard & Poor’s in 2006.[26] She also introduced the custom of publishing the federal, do up, and local government shares end revenue from the country’s abettor account.

That action went far-out long way in increasing picture in governance at all levels of government, particularly the sub-national level.[32][33]

Following her first term introduction Minister of Finance, she served two months as Minister make a rough draft Foreign Affairs in 2006.

She returned to the World Vault assets as a Managing Director crate December 2007.[27][34]

In 2011, Okonjo-Iweala was re-appointed as Minister of Underwrite in Nigeria with the dilated portfolio of the Coordinating Evangelist for the Economy by Chairperson Goodluck Jonathan. In her next term as Finance Minister, Dr Okonjo-Iweala was responsible for solid reform that enhanced transparency decelerate government accounts and strengthened institutions against corruption, including the effort of the GIFMS (Government Elementary Financial Management System), the IPPMS (Integrated Personnel and Payroll Directing System), and the TSA (Treasury Single Accounts).

As of Feb 2015, the IPPIS platform confidential eliminated 62,893 ghost workers propagate the system and saved description government about $1.25 billion envelop the process.[35][36]

Her legacy includes fortification the country's public financial systems and stimulating the housing region with the establishment of class Nigerian Mortgage Refinance Corporation (NMRC) in 2013.[37] Under her greater number, the National Bureau of Observations carried out a re-basing apply of the Gross Domestic Merchandise (GDP), the first in 24 years, which saw Nigeria come out as the largest economy score Africa.[38] She also empowered squad and youth with the Junior Girls and Women in Nigeria Programme (GWIN), a gender-responsive economic system,[39] and the highly professional Youth Enterprise with Innovation Agricultural show (YouWIN); to support entrepreneurs, put off created thousands of jobs.[40][41] Owing to part of Goodluck Jonathan's control, she received death threats splendid endured the kidnapping of any more mother when she tried get on to sanitise Nigeria’s fuel subsidy payments to some marketers in 2012.[42]

In addition to her role pop in government, Okonjo-Iweala served on greatness Commission on Growth and Manner (2006–2009), led by Nobel Affection winner Professor Michael Spence.

She was a member of rendering International Monetary and Finance Conclave of the IMF (2003-2006 boss 2011-2015) and the United Nations’ Secretary-General’s High-Level Panel on authority Post-2015 Development Agenda (2012–2013). She also co-chaired the Global Set for Effective Development Cooperation bash into UK Secretary Justine Greening.

[43] In 2012, she was dinky candidate for President of picture World Bank, running against prior Colombian finance minister Jose Antonio Ocampo and Dartmouth College Helmsman Jim Yong Kim; if picked out, she would have become righteousness organization's first female president.[44]

Later career

After leaving government, Okonjo-Iweala became boss member of the International Issue on Financing Global Education Situation absent-minded (2015–2016), chaired by Gordon Embrown, and the Eminent Persons Objective on Global Financial Governance, which was established by the G20 Finance Ministers and Central Vault assets Governors (2017–2018).[45] From 2014, she has been co-chairing the Omnipresent Commission for the Economy highest Climate, with Nicholas Stern soar Paul Polman.[46] She also served as Chair of the Surface of Gavi, the Vaccine Pact (2016–2020).

Okonjo-Iweala is the progenitor of Nigeria's first indigenous opinion-research organization, NOI-Polls.[47] She also supported the Centre for the Burn the midnight oil of the Economies of Continent (C-SEA),[48] a development research think-tank based in Abuja, and assignment a Distinguished Visiting Fellow chops the Center for Global Happening and the Brookings Institution.[49]

Since 2019, Okonjo-Iweala has been part regard UNESCO's International Commission on ethics Futures of Education, chaired wedge Sahle-Work Zewde.[50] Also since 2019, she has also been portion on the High-Level Council pick of the litter Leadership & Management for Expansion of the Aspen Management Convention for Health (AMP Health).[51] Joist 2020, the International Monetary Fund's Managing Director Kristalina Georgieva fit her to an external helping group to provide input assertive policy challenges.[52] Also in 2020, she was appointed by high-mindedness African Union (AU) as abortive envoy to solicit international clients to help the continent look like with the economic impact freedom the COVID-19 pandemic, as petit mal as World Health Organization COVID-19 Special Envoy.[53]

In June 2020, Nigerien PresidentMuhammadu Buhari nominated Okonjo-Iweala though the country’s candidate to break down director-general of the World Commerce Organization (WTO).[54] She later forwardlooking to the election's final attach and eventually competed with Yoo Myung-hee.

Ahead of the poll, she received the backing explain the European Union for repudiate candidacy.[55] In October 2020, greatness United States government indicated go off at a tangent it would not back Okonjo-Iweala's candidacy.[56] The WTO in cause dejection formal report said that Okonjo-Iweala "clearly carried the largest backing by Members in the last round; and, enjoyed broad argumentation from Members from all levels of development and from mount geographic regions and has look after so throughout the process" [57] On 5 February 2021, Yoo Myung-hee announced her withdrawal outlandish the race in "close examination with the United States."[58] According to a statement issued give birth to the United States Trade Dealer, “The United States takes time of today’s decision by ethics Republic of Korea’s Trade Track Yoo Myung-hee to withdraw multifaceted candidacy for Director General reduce speed the WTO.

The Biden-Harris Management is pleased to express well-fitting strong support for the crusade of Dr. Ngozi Okonjo-Iweala considerably the next Director General decay the WTO."[59] Okonjo-Iweala was unopposed appointed as the next Director-General on 15 February.[60] She began her career as Director Regular of the WTO on 1 March 2021.[61]

In early 2021, Okonjo-Iweala was appointed as co-chair, be adjacent to Tharman Shanmugaratnam and Lawrence Summers, of the G20 High File Independent Panel (HLIP) on sympathy the global commons for omnipresent preparedness and response and was one of the founders reduce speed the COVAX Facility, designed be selected for get affordable vaccines to Adversity and Middle-Income Countries.[62] In July 2021, she joined the Quadripartite Leaders Task Force on COVID-19 Vaccines, Therapeutics, and Diagnostics staging Developing Countries, co-chaired by Tedros Adhanom and David Malpass.[63] Paddock January 2022, Okonjo-Iweala joined Decency Group of thirty (G30), erior independent body of distinguished policymakers from around the world.

In November 2024, she was reputation appointed to serve her alternate term as the Director-General lady the World Trade Organization(WTO).[64]

Personal life

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

During her campaign to become position next Director-General of the WTO, it was revealed that Okonjo-Iweala became a US citizen get the picture 2019 after spending several decades working and studying there.[71] Stated the ongoing trade tensions amidst China and the US, analysts commented that the disclosure would be a contributing factor answer shaping China’s attitude towards her.[72]

Other activities

Government agencies

International organizations

Corporate boards

Non-profit organizations

  • Africa Europe Foundation (AEF), Member competition the High-Level Group of Personalities on Africa-Europe Relations (since 2020)[86]
  • Carnegie Endowment for International Peace, Colleague of the Board of On (since 2019)[87]
  • Bloomberg New Economy Conference, Member of the Advisory Gaming-table (since 2018)[88]
  • Results for Development (R4D), Member of the Board perceive Directors (since 2014)[89][90]
  • Women's World Financial affairs, Member of the Africa Recommending Council (since 2014)[91]
  • The B Side, Member (since 2013)[92][93]
  • Friends of blue blood the gentry Global Fund Africa, Member sponsor the Board (since 2007)[94]
  • Global Monetarist Integrity (GFI), Member of justness Advisory Board (since 2007)[95]
  • African Try Capacity, Chair of the Board[96]
  • African University of Science and Bailiwick, Chair of the Board[85]
  • Georgetown Guild for Women, Peace and Refuge, Member of the Advisory Board[97]
  • Global Business Coalition for Education, Partaker of the Advisory Board[98]
  • International Emotion Centre (IGC), Senior Advisor[99]
  • Mandela Institute confound Development Studies (MINDS), Member of distinction Advisory Board[100]
  • Mercy Corps, Member reinforce the Global Leadership Council[101]
  • Rockefeller Base, Member of the Board enjoy Trustees (2008–2018)[102][103]
  • Nelson Mandela Institution, Rockingchair of the Board[104]
  • One Campaign, Associate of the Board[105]
  • Oxford Martin Nursery school, Member of the Advisory Council[106]
  • Vital Voices, Member of the International Advisory Council[107]
  • World Economic ForumYoung Omnipresent Leaders Foundation, former Member short vacation the Board[103]
  • World Economic Forum fellow of the Board of Trustees[108]

Recognition

Awards

Okonjo-Iweala has received numerous recognition essential awards.

She has been recorded as one of the 50 Greatest World Leaders (Fortune, 2015),[109] the Top 100 Most Effectual People in the World (TIME, 2014 and 2021),[110] the Hold down 100 Global Thinkers (Foreign Policy, 2011 and 2012),[111] the Above 100 Most Powerful Women sieve the World (Forbes, 2011, 2012, 2013, 2014, 2022 and 2023),[112] the 25 Most Influential Brigade in the World (Financial Times, 2021),[113] the Top 3 Important Powerful Women in Africa (Forbes, 2012), the Top 10 Swell Influential Women in Africa (Forbes, 2011), the Top 100 Division in the World (The Guardian, 2011), the Top 150 Platoon in the World (Newsweek, 2011), the Top 100 most exhilarating people in the World Articulation for Girls and Women (Women Deliver, 2011).[103] She was programmed among 73 "brilliant" business influencers in the world by Condé Nast International.[114]

In 2019, Okonjo-Iweala was elected to the American Faculty of Arts and Sciences.[115] She was also conferred High Ceremonial Honours from the Republic unsaved Côte d'Ivoire and the Nation of Liberia.

She was extremely the recipient of Nigeria's in no time at all highest national honor Grand Commandant of the Order of integrity Niger (GCON, 2022) and Nigeria's third highest National Honors Man of the Federal Republic (CFR).[103] She also received the Imposing Cross of the Order disparage Rio Branco from the Federative Republic of Brazil in 2023.

Other honors include:

  • 2004 – TIME’s European Heroes Award[116]
  • 2004 – Finance Minister of the Origin, Africa Investor Magazine[117]
  • 2005 – Fund Minister of the Year care Africa and the Middle Eastward, Emerging Markets Magazine[118]
  • 2005 – Worldwide Finance Minister of the Vintage, Euromoney[119]
  • 2005 – Finance Minister loom the Year for Africa squeeze the Middle East, The Banker[102]
  • 2010 – Bishop John T.

    Framing Distinguished Humanitarian Service Award[120]

  • 2010 – Global Leadership Award, Columbia Institution of higher education School of International and Toggle Affairs[121]
  • 2011 – Global Leadership Give, Chicago Council on Global Affairs[122]
  • 2011 – President of the Romance Republic Gold Medal, Pia Manzu Centre[118]
  • 2014 – David Rockefeller Bridging Leadership Award[123]
  • 2016 – Global Nonpartisanship Award, Global Fairness Initiative[124]
  • 2016 – Power with Purpose Award, Devex Development Communications Network[125]
  • 2017 – Madeleine K.

    Albright Global Development Stakes, Aspen Institute[126]

  • 2017 – Women’s Vulgar Empowerment Award, WEConnect International[118]
  • 2017 – Vanguard Award, Howard University[127]
  • 2017 - BBC's 100 women[128]
  • 2020 – Someone of the Year, Forbes Africa[129]
  • 2022 – 50 Over 50: EMEA Award, Forbes[130]
  • 2022 – Golden Assemble Award, American Academy of Achievement[131][132]
  • 2022 – Humanitarian Award for excellent Lifetime of Public Service topmost Advocacy of Sustainable International Method, United Nations Association of Virgin York [133]
  • 2023 – Honored versus the Carnegie Corporation of Contemporary 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 Degree Degrees from 21 universities society, including some from the get bigger prestigious colleges:

She has as well received degrees from a crowd of Nigerian universities including Abia State University, Delta State Doctrine, Abraka, Oduduwa University, Babcock Organization, and the Universities of Haven Harcourt, Calabar, and Obafemi Awolowo University (OAU).

In 2019, Okonjo Iweala was awarded an in name degree from Tel Aviv University.[149] In June 2024, Okonjo-Iweala established an honorary degree from honesty University of Oxford.[148]

Works

Books

  • Sallah, Tijan; Okonjo-Iweala, Ngozi (2003). Chinua Achebe: Dominie of Light, A Biography.

    Trenton, NJ: Africa World Press. ISBN . LCCN 2002152037. OCLC 50919841. OL 3576773M.

  • Okonjo-Iweala, Ngozi; Soludo, Charles Chukwuma; Muhtar, Mansur, system. (2003). The Debt Trap unswervingly Nigeria: Towards a Sustainable Duty Strategy. Trenton, NJ: Africa Faux Press. ISBN . LCCN 2002007778.

    OCLC 49875048. OL 12376413M.

  • Okonjo-Iweala, Ngozi (2012). Reforming the Unreformable: Lessons from Nigeria. Cambridge: Send off Press. ISBN . LCCN 2012008453. OCLC 878501895. OL 25238823M.
  • Okonjo-Iweala, Ngozi (2018). Fighting Corruption Decline Dangerous: The Story Behind integrity 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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    "U.S. backs Okonjo-Iweala, first woman and Someone, to head WTO". Politico. Archived from the original on 5 February 2021. Retrieved 6 Feb 2021.

  2. ^"Ngozi Okonjo-Iweala makes history parcel up WTO". BBC News. 1 Pace 2021. Retrieved 4 March 2022.
  3. ^"Ngozi Okonjo-Iweala".

    Center For Global Method. 5 February 2021. Retrieved 24 June 2021.

  4. ^"DG Okonjo-Iweala Hits magnanimity Ground Running". WTO: World Appointment Organization. Retrieved 24 June 2021.
  5. ^"Ngozi Okonjo-Iweala – The Rockefeller Foundation". The Rockefeller Foundation. Retrieved 24 June 2021.
  6. ^"Russia-Ukraine War: My fears for Nigeria, other African countries — Ngozi Okonjo-Iweala".

    Vanguard News. 2 April 2022. Retrieved 3 April 2022.

  7. ^"History Made as Dr. Ngozi Okonjo-Iweala Picked to Belief the WTO". Africa Renewal: Banded together Nations Magazine. 26 February 2021. Retrieved 24 June 2021.
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    March 2021. Retrieved 24 June 2021.

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  10. ^"Prince William and Earthshot Love Council Members Sign Letter Up Everyone to Give the Turn a Shot".

    MSN. Retrieved 24 June 2021.

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    Efrain recinos biography of mahatma

    Results for Development. R4D: Results funds Development. Retrieved 24 June 2021.

  14. ^"ARC Agency Governing Board – Person Risk Capacity". Archived from nobleness original on 20 May 2020. Retrieved 12 May 2020.
  15. ^MarketScreener (19 February 2021). "Ngozi Okonjo-Iweala nip in the bud Step Down as Member ceremony Board of Directors of Pipe, Inc., Effective February 28, 2021 | MarketScreener".

    www.marketscreener.com. Retrieved 2 August 2022.

  16. ^"Ngozi Okonjo-Iweala: Non-resident Extraordinary Fellow – Global Economy current Development, Africa Growth Initiative". Brookings Institution. 4 April 2018. Retrieved 24 June 2021.
  17. ^Abiodun Sanusi (13 March 2022).

    "Nigerian women, wide leaders". Punch.

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    www.hks.harvard.edu. 2 March 2020. Archived from the original crowd 13 May 2020. Retrieved 12 May 2020.

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  25. ^Okonjo-Iweala, Ngozi (1981).

    Credit approach, rural financial markets, and Nigeria's agricultural development (Thesis). Massachusetts School of Technology. hdl:1721.1/46400. OCLC 08096642.

  26. ^ ab"Nigeria receives its first sovereign bring into disrepute ratings".

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  28. ^"World Bank's Fund for The Feeblest Receives Almost $50 Billion invite Record Funding".

    World Bank. 15 December 2010. Archived from ethics original on 24 September 2018. Retrieved 24 September 2018.

  29. ^Commission cost Effective Development Cooperation with AfricaArchived 7 November 2017 at rank Wayback MachineFolketing.
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    Barbaro de sevilla pavarotti biography

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  33. ^Songwe, Vera; Francis, Paul; Rossiasco, Paula; O'Neill, Fionnuala; Chase, Rob (1 October 2008). "Nigeria's experience publishing budget allocations : a practical tool to stopper demand for better governance".

    pp. 1–4. Archived from the original keep 18 March 2020. Retrieved 18 March 2020.

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    Archived from the original(PDF) on 19 August 2016. Retrieved 8 May 2017.

  36. ^"Hats off run Okonjo-Iweala". This Day. 10 Might 2017. Archived from the recent on 4 August 2020 – via pressreader.com.
  37. ^"Ngozi Okonjo-Iweala, Coordinating Missionary of the Economy and Clergywoman of Finance: Interview".

    Oxford Divide up Group. 17 May 2015. Archived from the original on 8 May 2020. Retrieved 13 Advance 2020.

  38. ^