Okonje-Iweala Appointed A Member Of South Africa Economic Advisory Council

Nigeria’s Ngozi Okonjo-Iweala has been appointed as a member South Africa’s presidential economic advisory council.

The council is chaired by Cyril Ramaphosa, the South African president.

In a statement published on its website, the presidency said the council will “ensure greater coherence and consistency in the implementation of economic policy and ensure that government and society in general is better equipped to respond to changing economic circumstances”.

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The council, which is made up of local and international economic thought leaders, is expected to “advise the president and government more broadly, facilitating the development and implementation of economic policies that spur inclusive growth.

“The council is a non-statutory and independent body chaired by the president and brings together prominent economists and technical experts drawn from academia, the private sector, labour, community, think tanks and other constituencies.

The members, who will volunteer their time and be compensated for subsistence and travel, are appointed to serve a three-year term.”

The council held its second meeting on Friday in Tshwane.

South Africa’s economy is currently in a recession; its second in two years.

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