In her plenary speech, Ngozi Okonjo-Iweala explores the resources curse and how to tackle this. She explains the process of income fluctuating connected to resources prices and how this opens up avenues for corruption. She then talks about how countries need to have the fiscal tools to manage natural resource revenues in place and the various actors needed for resources to be managed well.
Dr. Ngozi Okonjo-Iweala is presently a Managing Director of the World Bank. From June to August 2006, she was Minister of Foreign Affairs of Nigeria, overseeing Nigeria’s External Relations. From July 2003 to June 2006 she served as Minister of Finance and Economy of Nigeria and Head of Nigeria’s much acclaimed Presidential Economic team responsible for implementing a comprehensive home grown economic reform program that stabilized the macro-economy and tripled the growth rate to an average 6 percent per annum over 3 years. Previously, she pursued a 21-year career as a development economist at the World Bank, where she held the post of Vice President and Corporate Secretary. Dr. Okonjo-Iweala was educated at Harvard and has a PhD in Regional Economics and Development from the Massachusetts Institute of Technology. She has received numerous awards and is a member or chair of numerous boards and advisory groups. Okonjo-Iweala was the founder of the first ever indigenous opinion research organization in Nigeria (NOI Polls) in partnership with the Gallup organization, which strives to strengthen democracy and accountability in Nigeria. She was co-founder of the Makeda Fund, a US$50 million private equity fund designed to invest in women-owned and women-influenced small and medium enterprises in Africa.
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