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"Rock star" Ngozi Okonjo-Iweala named to World Bank

Posted by: Tedstaff

NgoziOkonjoIweala-headshotForBlog.jpgNgozi Okonjo-Iweala (watch her TEDTalks from TED2007 and TEDGlobal07), the crusading economist and former Finance Minister of Nigeria, has been appointed a Managing Director of the World Bank.

Dr. Okonjo-Iweala will oversee the World Bank’s work in Africa, South Asia, and Europe and Central Asia. “Her commitment to the developing world is unparalleled,” said Robert Zoellick, the president of the World Bank. She’s been working with the Stolen Assets Recovery (StAR) initiative to help poor countries reclaim assets lost to corruption, and with Bono’s DATA organization on historic debt-relief programs. Bono said of her last week, “She’s the kind of leader we all want to work for.” (And as Portfolio.com commented, she’s as much a rock star as that Irish gentleman.)

Comments (1)

  • Maxwell Com commented on Apr 7 2009

    Recently, Ngozi Okonjo-Iweala the crusading economist and former Finance Minister of Nigeria, has been appointed a Managing Director of the World Bank. I think with her overwhelming achievements I think she is capable of managing the World Bank and establish good projects. But did you know the issues that banks are facing on? We used to see Banks full of money and gold, but after billions in bailout money given to banks, I think these guys are up to something. The average amount of bank charges, for late fees, overdrafts, ATM fees, and the like, is going up. It is a bit abrupt that we, the customers as well as the taxpayers, just gave them more installments loans from our taxes. I don’t think they really helping us when in fact this is the time they must be are umbrella in “rainy days”. It seems like they had better put that bailout money to use so that those of us who paid the taxes to bail them out don’t have to get installment loans for charges for using the services of these banks. I just hope the all the banks manage to provide its consumer a valid reasons why they do such things.