UNCTAD Picks Moghalu For Expert Group
The Governing Board of United Nations Conference on Trade and Development (UNCTAD), the Trade and Development Board, has appointed former Central Bank of Nigeria (CBN) Deputy Governor, Professor Kingsley Chiedu Moghalu as a member of the Inter-governmental Expert Group on Financing for Development (IGEG FfD).
In appointing Prof Moghalu, who is also the President of Sogato Strategies LLC, to Expert Group membership, UNCTAD noted his outstanding expertise in financial sector regulation and reforms, as well as views on many pressing issues regarding improved mechanisms and global frameworks for effective, stable and all-inclusive provision of development finance.
The UNCTAD’s letter stated thus: “In view of your outstanding expertise in the area of financial sector regulation and reform, your views on a wide range of the many pressing issues in regard to improved mechanisms and international frameworks for the effective, stable and inclusive provision of development finance, and your longstanding experience with analytical and policy-making challenges in this area, will make an invaluable contribution to the important work of this expert group, and help maximize its impact and relevance”.
According to the letter, the IGEG FfD’s first session will hold from November 8 to 10, 2017 at the Palais des Nations in Geneva, Switzerland.
Up for discussions are two topics and “guiding questions” on: ‘What can be done to enhance the mobilization of domestic public resources for development in developing countries?’ and ‘How can international cooperation maximize its contribution to achieving the Sustainable Development Goals?’
The Group is expected to produce agreed policy recommendations on these issues for consideration by UNCTAD’s Trade and Development Board.
With headquarters located in Geneva, Switzerland, UNCTAD is a permanent inter-governmental body established by the UN General Assembly in 1964. Its mission is to help developing countries access the benefits of a more globalized economy more fairly and effectively, including helping such countries deal with the potential drawbacks of greater economic integration.
UNCTAD’s work helps countries diversify economies to make them less dependent on commodities, attract investment and make it more development friendly, promote entrepreneurship and innovation, and help local firms move up value chains.
