Saturday, 22 October 2016

Asian Infrastructure Investment Bank appoints former Minister of Finance, Mrs Ngozi Okonjo-Iweala as a panel member

Ngozi Okonjo-Iweala

Mrs Ngozi Okonjo-Iweala has been made a member of the international advisory panel of Asia Infrastructure Investment Bank. The AIIB Senior Communication Officer, Mr. Song Liyan, in an announcement on Friday, declared that Okonjo-Iweala would join 10 other key people on the board.

According to the announcement, “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.”

In a statement, the AIIB President, Jin Liqun, was cited as saying that the members of the panel  would educate the bank on the improvement with respect to its system.

It 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.”

Members of the panel are made up of previous Bank Negara Malaysia governor Dr Zeti Aziz, previous Pakistan Prime Minister Shaukat Aziz, and previous Swedish finance mininster Anders Borg.

The others includes previous Timor-Leste finance minister Emilia Pires, previous World Bank boss financial expert Nicholas Stern and previous Japanese Prime Minister Yukio Hatoyama, Global Foundation secretary-general Steve Howard.

Likewise included are Korea National Diplomatic Academy chair educator and previous Hong Kong delegate leader and technique, and finance mininster Dr Oh-Seok Hyun.

Previous U.S. minister Paul Speltz and London School of Economics educator and previous Hong Kong CEO Tung Chee-Hwa are the rest of the board individuals.


AIIB, a multilateral international development bank was set up on Dec. 25, 2015, with an underlying capital of 100 billion U.S. dollars (RM419bn), one million shares and an underlying paid-up capital of 20 billion U.S. dollars.

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