Ethio.info
Mulu Ketsela (PhD)
www.addisfortune.com/Mulu Becomes First Woman to Rep. Africans in the World Bank.htm
Mulu Ketsela (PhD), former state minister of Finance and Economic Development before joining the World Bank as an alternate executive director in 2004, has been promoted to full directorship on December 8, 2006, thus becaming the first women to assume such a position in the Bank, representing 22 African countries as her constituency.
According to a World Bank observer, picking a director to the Bank requires negotiations and consent from finance ministers (who are board of governors) meeting to select who collectively could represent them as one of the 24 board of directors in the World Bank, a group of five international organizations based in Washington D.C., and owned by member states, in order to provide finance for economic development and poverty eradications.
Five of the largest shareholders of the Bank -United States (16.4pc), Japan 7.9pc, Germany 4.5pc, United Kingdom (4.3pc), and France (4.3pc) – each directly nominate their representatives in the board of executive directors. Other regions have to vote for their representatives, after going through a selection process and negotiations.
Africa has two seats in the board of directors, where Mulu was appointed to serve for the next two years.
“She has been an alternate member for the past two years,” said a World Bank senior official. “It is expected that she would assume the position.”
As an alternate Executive Director, Mulu has been responsible for choosing which projects receive funding in the region and shaping the policies of the Bank in Africa. She is currently touring a few African countries, including Uganda where she was visiting last week.
It was a successful climb in the ladder of international finance organization from where she was an economic advisor to Meles Zenawi, when he was president between 1992 to 1995.
Prior to joining the Ethiopian government in the early 1990s, Mulu was a consultant for the United Nations Development Programme (UNDP), and taught economics at New York University and John Jay College of Criminal Justice in the late 1980s. She studied economics from undergraduate to doctoral in New York: SUNY New Paltz and New School for Social Research
Mulu Ketsela (PhD)
www.addisfortune.com/Mulu Becomes First Woman to Rep. Africans in the World Bank.htm
Mulu Ketsela (PhD), former state minister of Finance and Economic Development before joining the World Bank as an alternate executive director in 2004, has been promoted to full directorship on December 8, 2006, thus becaming the first women to assume such a position in the Bank, representing 22 African countries as her constituency.
According to a World Bank observer, picking a director to the Bank requires negotiations and consent from finance ministers (who are board of governors) meeting to select who collectively could represent them as one of the 24 board of directors in the World Bank, a group of five international organizations based in Washington D.C., and owned by member states, in order to provide finance for economic development and poverty eradications.
Five of the largest shareholders of the Bank -United States (16.4pc), Japan 7.9pc, Germany 4.5pc, United Kingdom (4.3pc), and France (4.3pc) – each directly nominate their representatives in the board of executive directors. Other regions have to vote for their representatives, after going through a selection process and negotiations.
Africa has two seats in the board of directors, where Mulu was appointed to serve for the next two years.
“She has been an alternate member for the past two years,” said a World Bank senior official. “It is expected that she would assume the position.”
As an alternate Executive Director, Mulu has been responsible for choosing which projects receive funding in the region and shaping the policies of the Bank in Africa. She is currently touring a few African countries, including Uganda where she was visiting last week.
It was a successful climb in the ladder of international finance organization from where she was an economic advisor to Meles Zenawi, when he was president between 1992 to 1995.
Prior to joining the Ethiopian government in the early 1990s, Mulu was a consultant for the United Nations Development Programme (UNDP), and taught economics at New York University and John Jay College of Criminal Justice in the late 1980s. She studied economics from undergraduate to doctoral in New York: SUNY New Paltz and New School for Social Research