AUC backs Okonjo-Iweala for WB presidency

The African Union Commission (AUC) says it has nominated Nigerian Finance minister Ngozi Okonjo-Iweala to contest the World Bank (WB) presidency.

In a statement AUC said Okonjo-Iweala, possessed undisputed credentials in technical and managerial expertise, as well as a strong track record as a development professional, both inside and outside the WB.
The AUC said it attached great importance to the on-going selection exercise for the next president of the WB and was happy to note the commitment to an open, transparent and merit-based process.

“The crux of development issues in the world today really resides in Africa and therefore, the success of the World Bank in achieving its mandate will be judged, to a large extent, by its accomplishments on the continent,” the commission said.

“The AUC, on behalf of African countries, is pleased to endorse the Dr Ngozi Okonjo-Iweala candidacy in the strongest possible terms.”

AUC said the challenge of addressing development in today’s complex world required a multi-sectoral expertise.

“It requires a demonstrated ability to draw on knowledge, expertise and experience in a wide range of areas, and to manage the interplay of these.

“Dr Okonjo-Iweala’s impeccable credentials, including depth and breadth of knowledge, rich and varied experience, make her eminently qualified and the best candidate for the post of WB president,” the AUC said.

AUC said Okonjo-Iweala spent more than two decades in the WB, rising through the ranks to become it’s managing director.

As Finance minister in Africa’s most populous country, she has demonstrated capacity to successfully drive reforms, having dealt effectively with a variety of issues, the commission said.possessed undisputed credentials in technical and managerial expertise, as well as a strong track record as a development professional, both inside and outside the WB.

The AUC said it attached great importance to the on-going selection exercise for the next president of the WB and was happy to note the commitment to an open, transparent and merit-based process.

“The crux of development issues in the world today really resides in Africa and therefore, the success of the World Bank in achieving its mandate will be judged, to a large extent, by its accomplishments on the continent,” the commission said.

“The AUC, on behalf of African countries, is pleased to endorse the Dr Ngozi Okonjo-Iweala candidacy in the strongest possible terms.”

AUC said the challenge of addressing development in today’s complex world required a multi-sectoral expertise.

“It requires a demonstrated ability to draw on knowledge, expertise and experience in a wide range of areas, and to manage the interplay of these.

“Dr Okonjo-Iweala’s impeccable credentials, including depth and breadth of knowledge, rich and varied experience, make her eminently qualified and the best candidate for the post of WB president,” the AUC said.

AUC said Okonjo-Iweala spent more than two decades in the WB, rising through the ranks to become it’s managing director.

As Finance minister in Africa’s most populous country, she has demonstrated capacity to successfully drive reforms, having dealt effectively with a variety of issues, the commission said.

 

 

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