Two-time Nigerian minister, Ngozi Okonjo-Iweala, has been appointed as a member of South Africa’s presidential economic advisory council.
The advisory council is chaired by the South African president, Cyril Ramaphosa.
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”.
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.
Pictures shared on Twitter by the official handle of South Africa’s presidency and Okonjo-Iweala showed the latter in a meeting with local authorities.
The pictures were captioned: “With President Ramaphosa, members of the cabinet, and members of the Presidential Economic Advisory Council in Pretoria discussing sources of growth for the South African economy and win-win economic interactions with the continent.”
South Africa’s economy is currently in a recession; the second in two years.
