Breaking News: IMF Head-hunts Elumelu into its External Advisory Group

The International Monetary Fund (IMF) has appointed Nigerian entrepreneur and philanthropist, Tony Elumelu to its External Advisory Group, the organization has announced.

Elumelu, who is the founder and chairman of Heirs Holdings, a multinational conglomerate with interests in finance, energy, real estate, and healthcare, will join a team of renowned experts from around the world to provide counsel to the IMF on key issues related to global economic stability, financial inclusion, and sustainable development.

The appointment is a significant recognition of Elumelu’s contributions to the global financial community and his role as a leading voice on African economic development.

As the founder of the Tony Elumelu Foundation, he has been at the forefront of promoting entrepreneurship and job creation in Africa, and his experience and insights will be invaluable to the IMF’s work.

“Tony Elumelu brings a unique perspective and expertise to the External Advisory Group, and we look forward to working with him to promote economic stability and prosperity around the world,” said Kristalina Georgieva, Managing Director of the IMF.

Elumelu’s appointment is effective immediately, and he will serve a two-year term on the External Advisory Group. The group, which was established in 2020, provides advice to the IMF on how to better support its member countries in achieving their economic goals and addressing global challenges.

Elumelu’s appointment is seen as a significant boost to Africa’s representation on the global economic stage. As one of the continent’s most successful entrepreneurs, he is well-placed to provide insights on how to promote economic growth and development in Africa.

“I am honored to be appointed to the IMF’s External Advisory Group and look forward to working with the team to promote economic stability and prosperity around the world.

“I believe that Africa has a critical role to play in shaping the global economic agenda, and I am committed to using my experience and expertise to help promote the continent’s interests,” Elumelu said.

The IMF’s External Advisory Group is composed of experts from around the world, including former heads of state, central bankers, and business leaders. The group provides advice to the IMF on a range of issues, including global economic trends, financial stability, and sustainable development.

Elumelu’s appointment is a significant recognition of his contributions to the global financial community, and is seen as a major boost to Africa’s representation on the global economic stage.