Ngozi Okonjo-Iweala

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Person.png Ngozi Okonjo-Iweala  Rdf-entity.pngRdf-icon.png
(banker)
Okonjo-Iweala, Ngozi (2008 portrait).jpg
Born13 June 1954
NationalityNigerian
Alma materMassachusetts Institute of Technology, Harvard
Member ofAtlantic Council/Distinguished Leadership Awards, Brookings Institution, Carnegie Endowment for International Peace, Global Alliance for Vaccines and Immunization, Rockefeller Foundation

Employment.png 

Dates unknown


Employment.png Nigeria/Minister of Finance

In office
17 August 2011 - 29 May 2015

Employment.png World Bank/Managing Director

In office
December 1, 2007 - August 2011

Ngozi Okonjo-Iweala is a Nigerian-born banker and international development expert. She sits on the Boards of Standard Chartered Bank, Twitter, Global Alliance for Vaccines and Immunization (GAVI), and the African Risk Capacity (ARC). She is in the lead in the race for the top job at the World Health Organization.

Career at World Bank

Okonjo-Iweala had a 25-year career at the World Bank in Washington DC as a development economist, rising to the No. 2 position of Managing Director.[1] As Managing Director, she had oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, South Asia, Europe and Central Asia.

Okonjo-Iweala spearheaded several World Bank initiatives to "assist" low-income countries during the 2008 – 2009, food crises, and later during the financial crisis (what the World Bank normally means by assistance is giving a loan on condition of forcing through crushing conditions that makes the target economy unable to develop, by straitjacketing it to the [Washington Consensus]]cn}}), including demands to slash state budgets in public services including in education, infrastructure or basic health services, cut state subsidies to food and fuel, make the currency convertible and cheap, and eliminate protectionist barriers.

During her time at the World Bank, she was also a member of the Commission on Effective Development Cooperation with Africa, which was set up by the Prime Minister Anders Fogh Rasmussen of Denmark, and held meetings between April and October 2008.

Nigerian Government

she was Finance Minister in the Nigerian government twice, first under President Olusegun Obasanjo from 2003–2006. Then again, from 2011–2015 under President Goodluck Jonathan when she was named Minister of Finance and Coordinating Minister for the Economy.

Though she was never charged with corruption, in 2015 almost $20 billion was discovered “lost” after an audit by PriceWaterhouseCoopers of state oil revenues. As Finance Minister she backed the usual IMF/World Bank demands for slashing state subsidies for gasoline and privatization of electricity. The cut in 2012 triggered massive street protests, as many Nigerians see cheap gasoline as the only benefit they get from the country’s vast oil wealth.


GAVI and Gates

Connections

While taking the position as Chairman of GAVI Okonjo-Iweala also became “Senior Advisor” to Lazard Ltd., a US investment bank which claims to be the world’s largest independent investment bank.

In 2018, she joined the Board of the major international bank Standard Chartered.

She is listed as an "agenda setter" at the World Economic Forum[2].






 

Events Participated in

EventStartEndLocation(s)Description
Munich Security Conference/20131 February 20133 February 2013Germany
Munich
Bavaria
The 49th Munich Security Conference
Munich Security Conference/201431 January 20142 February 2014Germany
Munich
Bavaria
The 50th Munich Security Conference
Munich Security Conference/202218 February 202220 February 2022Germany
Munich
Bavaria
Slightly less than 1/3 of the 664 of the participants have pages here
WEF/Annual Meeting/200421 January 200425 January 2004World Economic Forum
Switzerland
2068 billionaires, CEOs and their politicians and "civil society" leaders met under the slogan Partnering for Prosperity and Security. "We have the people who matter," said World Economic Forum Co-Chief Executive Officer José María Figueres.
WEF/Annual Meeting/201126 January 201130 January 2011World Economic Forum
Switzerland
2229 guests in Davos, with the theme: "Shared Norms for the New Reality".
WEF/Annual Meeting/201323 January 201327 January 2013World Economic Forum
Switzerland
2500 mostly unelected leaders met to discuss "leading through adversity"
WEF/Annual Meeting/201422 January 201425 January 2014World Economic Forum
Switzerland
2604 guests in Davos considered "Reshaping The World"
WEF/Annual Meeting/201620 January 201623 January 2016World Economic Forum
Switzerland
Attended by over 2500 people, both leaders and followers, who were explained how the Fourth Industrial Revolution would changed everything, including being a "revolution of values".
WEF/Annual Meeting/201717 January 201720 January 2017World Economic Forum
Switzerland
2950 known participants, including prominently Bill Gates. "Offers a platform for the most effective and engaged leaders to achieve common goals for greater societal leadership."
WEF/Annual Meeting/201922 January 201925 January 2019World Economic Forum
Switzerland
"The reality is that we are in a Cold War [against China] that threatens to turn into a hot one."
WEF/Annual Meeting/202021 January 202024 January 2020World Economic Forum
Switzerland
This mega-summit of the world's ruling class and their political and media appendages happens every year, but 2020 was special, as the continuous corporate media coverage of COVID-19 started more or less from one day to the next on 20/21 January 2020, coinciding with the start of the meeting.
WEF/Annual Meeting/202316 January 202320 January 2023World Economic Forum
Switzerland
The theme of the meeting was "Cooperation in a Fragmented World"
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.


References


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