In an Op-Ed article today in the Financial Times, Ngozi Okonjo-Iweala says ” My own approach to thinking about development has been influenced by my childhood experiences. I grew up in a village in Nigeria where I knew poverty first-hand. I lived through the Nigerian civil war in my formative years, where I observed how violence could set back years of economic development. My thinking has also been shaped by the past 30 years, working in almost every region of the world on thorny issues of development. It has certainly been informed by four years as finance and foreign minister in one of the most challenging but also exciting countries in the world – Nigeria.
She then moves on to lay out her vision for the World Bank, writing ” In the wake of the great recession, the uncertain times in which we live call for decisive action. The World Bank must respond quickly and effectively to three key challenges facing its client countries in ways that respect their priorities, their culture and their own processes.” She identifies them as: Creating jobs, supporting investments in human capital, and Institution building
She concludes her opinion article saying “Over the past 30 years working in developing countries I have listened to the concerns of politicians and policy makers, to the aspirations of entrepreneurs and youth activists, and to the dreams of women for inclusion and true equality of opportunity. All would like to see a Bank that is innovative and responsive; a true partner; a quick and nimble Bank that listens and supports them on their journey to a better life.
The work of the World Bank affects the welfare of millions of citizens and the prospects for a more peaceful world. I would be most honoured to lead this important institution with a sense of humility, urgency and hope at this time of change and challenge.”
