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World Bank’s managing director Okonjo-Iweala to leave for Nigerian gov’t job

09 July 2011 00:37 (UTC +04:00)

Baku-APA. World Bank Group President Robert Zoellick announced on Friday that the bank’s Managing Director Ngozi Okonjo-Iweala will quit her position in mid-August to return to Nigeria to take up a senior post as coordinating minister for the economy and minister of finance in the new government of President Goodluck Jonathan, APA reports quoting news.yahoo.com website.

"Ngozi’s contribution as managing director has been stellar. Her desire to serve her country is truly a big loss for the World Bank but a major gain for Nigeria as it works to craft its economic way forward," Zoellick said in a statement.

"In her time as managing director, Ngozi has proven her determination and enormous capacity to work in the interests of poor people in developing countries around the globe," Zoellick added.

Along with her role of special oversight for the Bank’s work in Africa, Eastern Europe and Central Asia and South Asia, Okonjo- Iweala also played a key role in overseeing the Bank’s continuing work to help countries adversely impacted by spiking and volatile food prices.

"Given Ngozi’s passionate advocacy for the poor and her belief in Africa’s promise and growth, it can come as no surprise that Ngozi now wants to turn her sharp intellect, and considerable economic and managerial skills to the challenges facing her own country, Nigeria," Zoellick noted.