Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala   (banker)
Born	13 June 1954
Nationality	Nigerian
Alma mater	Massachusetts Institute of Technology, Harvard
Member of	Brookings Institution, Carnegie Endowment for International Peace, Global Alliance for Vaccines and Immunization, Rockefeller Foundation
Dates unknown  Nigeria/Minister of Finance In office 17 August 2011 - 29 May 2015  Nigeria/Coordinating Minister for the Economy In office 17 August 2011 - 29 May 2015  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. 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.

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.

 

Events Participated in

Event	Start	End	Location(s)	Description
Munich Security Conference/2013	1 February 2013	3 February 2013	Germany Munich Bavaria	The 49th Munich Security Conference
Munich Security Conference/2014	31 January 2014	2 February 2014	Germany Munich Bavaria	The 50th Munich Security Conference
Munich Security Conference/2022	18 February 2022	20 February 2022	Germany Munich Bavaria
WEF/Annual Meeting/2004	21 January 2004	25 January 2004	World 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/2011	26 January 2011	30 January 2011	World Economic Forum Switzerland	2229 guests in Davos, with the theme: "Shared Norms for the New Reality".
WEF/Annual Meeting/2013	23 January 2013	27 January 2013	World Economic Forum Switzerland	2500 mostly unelected leaders met to discuss "leading through adversity"
WEF/Annual Meeting/2014	22 January 2014	25 January 2014	World Economic Forum Switzerland	2604 guests in Davos considered "Reshaping The World"
WEF/Annual Meeting/2016	20 January 2016	23 January 2016	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/2017	17 January 2017	20 January 2017	World 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/2019	22 January 2019	25 January 2019	World Economic Forum Switzerland
WEF/Annual Meeting/2020	21 January 2020	24 January 2020	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/2023	16 January 2023	20 January 2023	World Economic Forum Switzerland	The theme of the meeting was "Cooperation in a Fragmented World"

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