Loading... please wait
download

Dr. Ngozi Okonjo-Iweala

Former Nigerian Coordinating Minister of the Economy & Minister of Finance

Dr. Ngozi Okonjo-Iweala is a Senior Adviser at Lazard and Chair Elect of Gavi. She was previously the Minister of Finance in Nigeria and Coordinating Minister for the Economy. In this role Dr. Okonjo-Iweala was responsible for managing the finances of Africa’s most populous nation and one of the world’s fastest growing economies. From December 2007 to August 2011, she was Managing Director of the World Bank where she had oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, South Asia, Europe and Central Asia. She also spearheaded initiatives to assist low-income countries during the food crisis and later the financial crisis, and chaired the raising of $49.3 billion in grants and low-interest credit for the world’s poorest nations.

Before that, she was Nigeria’s Finance minister for three years and was briefly Minister of Foreign Affairs. As Minister of Finance, she spearheaded the negotiations with the Paris Club of Creditors that led to the wiping out of US$30 billion of Nigeria’s debt. Prior to her government service, she had spent 21 years at the World Bank, rising to the position of Vice President and Corporate Secretary.

Dr. Okonjo-Iweala serves or has served on numerous boards and advisory groups, including the Rockefeller Foundation, the African Institutes of Science and Technology, the Center for Global Development, the Clinton Global Initiative, and the newly-formed African Risk Capacity – an institution of the African Union charged with insuring African countries against the risk of climate change. In 2011 and 2012 she was named one of the 100 most powerful women in the world by Forbes, and one of 100 Top Global Thinkers by Foreign Policy. A Distinguished Fellow of the Brookings Institution, she is also the author of several books and articles, including Reforming the UnReformable: Lessons from Nigeria, recently released from MIT Press.

Dr. Okonjo-Iweala earned a bachelor’s degree in economics at Harvard University and a Ph.D. in regional economics and development from the Massachusetts Institute of Technology. She is the recipient of numerous awards, including honorary doctorates from institutions such as Brown University, Trinity College Dublin, and the University of Pennsylvania; the President of the Italian Republic Gold Medal Award by the Pio Manzu Centre, and the Global Leadership Award from the Chicago Council on Global Affairs.