Former minister of Finance, Ngozi Okonjo- Iweala has been appointed as a member of the advisory panel of the Asian Infrastructure Investment Bank (AIIB).

This was announced in a statement by AIIB Senior Communication Officer, Song Liyan on Friday.

The statement reads, “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 continued, “It is a great honour to convene such an experienced and diverse group of international leaders to advise on the development of the Bank’s strategy.

“I have no doubt that the advice the panel provides will help shape the development of the Bank in the years ahead.

“I could not ask for a better group of ambassadors to help promote our new Bank to the world.”

Other panel members include former Bank Negara Malaysia governor Dr Zeti Aziz, former Pakistan Prime Minister Shaukat Aziz, former Swedish finance minister Anders Borg, former Timor-Leste finance minister Emilia Pires, former World Bank chief economist Nicholas Stern and former Japanese Prime Minister Yukio Hatoyama, Global Foundation secretary-general Steve Howard.

The others are; Korea National Diplomatic Academy chair professor and former South Korean deputy prime minister and strategy and finance minister Dr Oh-Seok Hyun, former U.S. ambassador Paul Speltz and London School of Economics professor and former Hong Kong chief executive Tung Chee-Hwa.