Zeti ap­pointed to AIIB’s ad­vi­sory panel

> Asian In­fra­struc­ture In­vest­ment Bank’s ad­vis­ers met for first time yes­ter­day

The Sun (Malaysia) - - SUNBIZ -

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 Okon­joIweala.

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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