IMF Managing Director Kristalina Georgieva names prominent individuals to serve as her new External Advisory Group, including former Nigerian Finance Minister Ngozi Okonjo-Iweala Updated for 2021

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Updated: March 4, 2021

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), on Friday convened a new external advisory group to provide perspectives from around the globe on key developments and policy issues, including policy responses to COVID-19 economic crisis. Those appointed include, at least one African and former Nigerian Minister of Finance Ngozi Okonjo-Iweala.

“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,” Ms. Georgieva said. “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.

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“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,” she added.

The members of the Managing Director’s External Advisory Group are:

· Ms. Ngozi Okonjo-Iweala, former Finance Minister of Nigeria

· Mr. Tharman Shanmugaratnam, Senior Minister of Singapore and Chairman of the Monetary Authority of Singapore

· Ms. 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

· Ms. Ana Botín, Group Executive Chairman, Santander

· Ms. Carmen Reinhart, Professor, Harvard University

· Mr. Mohamed A. El-Erian, Chief Economic Adviser, Allianz

· Mr. Scott Minerd, Chief Investment Officer, Guggenheim Investments

· Ms. Nyaradzayi Gumbonzvanda, Chair of ActionAid International

IMF said the Managing Director’s External Advisory Group will meet a few times a year with the IMF’s Managing Director, Deputy Managing Directors, and a sub-set of IMF department Directors.

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Simon Ateba
Simon Ateba
Simon Ateba covers the White House, the U.S. government, the International Monetary Fund, the World Bank and other financial and international institutions for Today News Africa in Washington D.C. Simon can be reached on simonateba@todaynewsafrica.com

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