AIIB appoints Okonjo-Iweala to advisory panel

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A former Nigerian Minister of Finance, Dr. Ngozi Okonjo-Iweala, has been appointed a member of the international advisory panel of Asian Infrastructure Investment Bank.

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Song Liyan, AIIB Senior Communication Officer, in a statement made available to newsmen on Friday, announced that Okonjo-Iweala would join 10 other key persons on the panel.

Liyan said: “The Panel provides impartial, objective and independent advice to the President, allowing the Bank to benefit from the international experience and expertise of panel members.”

He quoted AIIB President, Jin Liqun, as saying that the panel members would advice the bank on the development of its strategy.

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Jin said: “It is a great honour to convene such an experienced and diverse group of international leaders to advise on the development of the Bank’s strategy.

“I have no doubt that the advice the panel provides will help shape the development of the Bank in the years ahead.

“I could not ask for a better group of ambassadors to help promote our new Bank to the world.”

The panel members are former Bank Negara Malaysia Governor, Dr. Zeti Aziz; former Pakistan Prime Minister, Shaukat Aziz; and former Swedish Finance Minister, Anders Borg.

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The others are former Timor-Leste Finance Minister Emilia Pires; former World Bank Chief Economist, Nicholas Stern; former Japanese Prime Minister, Yukio Hatoyama; and Global Foundation Secretary-General, Steve Howard.

Others include Korea National Diplomatic Academy Chair Professor and former South Korean Deputy Prime Minister and Strategy and Finance Minister, Dr. Oh-Seok Hyun.

Former US Ambassador, Paul Speltz, and London School of Economics Professor and former Hong Kong Chief Executive, Tung Chee-Hwa, are the remaining panel members.

AIIB, a multilateral international development bank, was set up on December 25, 2015 with an initial capital of $100 billion (RM419 billion), one million shares and an initial paid-up capital of $20 billion.

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