17 November 2008
Central Bank of Nigeria (CBN) Governor, Prof. Chukwuma C. Soludo has been appointed as a member of the United Nations task force that will address the global financial crisis.
The UN General Assembly President Miguel Descoto, who announced the composition of the task force, said Joseph Stiglitz, a former Chief Economist at the World Bank and winner of Nobel Prize for Economics, will chair the panel known as the Commission of Experts on Reforms of the International Monetary and Financial System.
"The task force will suggest steps that member states can take to secure a more stable global economic order," he said in a statement issued by the UN News Service.
Others in the panel are: Jose Antonio Ocampo of Colombia, a former Under-Secretary-General for Economic and Social Affairs and a Malaysian, Jomo Kwame Sundaram, the Assistant Secretary-General for Economic Development in the UN Department of Economic and Social Affairs (DESA), and a former lecturer with Univesiti Malaya and Universiti Kebangsaan Malaysia.
Others are: Jean-Paul Fitoussi, Professor of Economics at the Institute dEtudes Politiques de Paris in France, Avinash Persaud of Barbados, who is Chairman of Intelligence Capital Ltd and Yaga Venugopal Reddy, former governor of India's Reserve Bank.
Japan's Eisuke Sakakibara, who once was dubbed "Mr Yen", and now Professor at Waseda University in Tokyo is also in the panel, along with China's Yu Yongding, the Director of the Institute of World Economics and Politics.
When Descoto announced the formation of the panel, he said: "There is growing recognition that the current turmoil in the financial system cannot be solved through piecemeal responses at the national and regional levels but requires a coordinated effort at the global level".
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