Zeti appointed to AIIB’s advisory panel

20 Oct 2016 / 05:40 H.

    KUALA LUMPUR: Former Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz has been appointed a member of the Asian Infrastructure Investment Bank’s (AIIB) international advisory panel.
    Zeti, ranked the world’s best central bank chief in 2009 by Global Finance magazine, retired in April after 16 years at the helm of BNM.
    In a statement, AIIB announced that Zeti would join 10 other key persons on the panel, including former Pakistan prime minister Shaukat Aziz, former Swedish finance minister Anders Borg, former Japanese prime minister Yukio Hatoyama and Global Foundation secretary-general Steve Howard.
    Others include Korea National Diplomatic Academy chair professor and former South Korean deputy prime minister and strategy and finance minister Dr Oh-Seok Hyun, former Nigerian finance minister and former World Bank managing director Dr Ngozi Okonjo-Iweala.
    Former Timor-Leste finance minister Emilia Pires, former US ambassador, chairman and CEO of Global Strategic Associates Paul Speltz, London School of Economics professor and former World Bank chief economist Lord Nicholas Stern and former Hong Kong chief executive Tung Chee-Hwa are the remaining members of the panel.
    “The panel provides impartial, objective and independent advice to the president, allowing the bank to benefit from the international experience and expertise of panel members,” it said.
    AIIB said the first meeting of the advisory panel was held in Beijing yesterday.
    At the meeting, panel members discussed the global economic situation and its implications on the bank’s operations, the need to promote green infrastructure globally and the importance of increasing private sector involvement in the region’s infrastructure.
    AIIB, a multilateral international development bank, was set up on Dec 25, 2015, with an initial capital of US$100 billion (RM419 billion), one million shares and an initial paid-up capital of US$20 billion. – Bernama


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