Assian infrastructure investment bank appoints okonjo iweala advisory panel

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According to reports, the Asian Infrastructure Investment Bank (AIIB) has appointed a high-level advisory panel, led by Dr. Ngozi Okonjo-Iweala, a renowned economist and former Minister of Finance of Nigeria. The panel will provide strategic guidance to the AIIB on its investment priorities and strategies in the Asia-Pacific region.

Dr. Okonjo-Iweala, who is also a former Managing Director of the World Bank, brings a wealth of experience and expertise to the panel. Her appointment is seen as a significant boost to the AIIB's efforts to promote sustainable infrastructure development and economic growth in the region.

The AIIB, which was established in 2015, is a multilateral development bank that aims to promote economic development and regional cooperation in Asia and beyond. The bank has already approved over $20 billion in financing for infrastructure projects in the region, and is expected to play a key role in addressing the region's infrastructure financing needs.

The advisory panel, which includes other prominent experts in the field of economics and finance, will provide strategic guidance to the AIIB on its investment priorities and strategies, including:

1. Identifying priority areas for investment in the region, such as transportation, energy, and water infrastructure.
2. Developing strategies for promoting sustainable infrastructure development and reducing the region's carbon footprint.
3. Providing guidance on the bank's lending and investment policies, including the use of innovative financing instruments and risk management techniques.
4. Fostering partnerships and collaborations with other international financial institutions, governments, and private sector entities to leverage resources and expertise.

Dr. Okonjo-Iweala's appointment to the advisory panel is seen as a significant endorsement of the AIIB's commitment to promoting sustainable infrastructure development and economic growth in the Asia-Pacific region. Her expertise and leadership will undoubtedly help the bank to achieve its goals and make a positive impact on the region's development.