Vera Songwe Bio, ECA, Net Worth, Demission, World Bank, IFC

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  • Post last modified:January 30, 2023

Vera Songwe Biography

Vera Songwe is a Cameroonian economist and banking executive who has worked for the World Bank since 1998 and was appointed Regional Director for Western and Central Africa by the International Finance Corporation in 2015. She is the first woman to serve as Under-Secretary-General of the United Nations Economic Commission for Africa (ECA).

Vera Songwe Age

She is 55 years old as of 2023. She was born in 1968 in Cameroon, Africa.

Vera Songwe Education

Songwe holds a Master of Arts in Law and Economics, a Diplôme d’études approfondies in Economic Science and Politics, and a PhD in Mathematical Economics from the Center for Operations Research and Econometrics from the Université Catholique de Louvain in Belgium. She graduated from the University of Michigan with a Bachelor of Arts degree in Economics and Political Science.

Vera Songwe Net Worth

She is said to be having an estimated net worth of $1.9 million.

Vera Songwe ECA (Economic Commission for Africa)

On August 3, 2017, Songwe assumed the title of Under-Secretary-General and assumed the position of Executive Secretary of the Economic Commission for Africa (ECA). The appeal for the purple economy, titled “Towards a cultural renaissance of the economy,” which was published in Corriere della Sera, El Pas, and Le Monde, was signed in June 2020 by Songwe and a number of others, including Nobel laureates in economics, architects, chefs, and leaders of international organizations. The press was told in August 2021 by unidentified sources that Songwe had announced her resignation during a virtual meeting and that she would be moving to another organization.

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Vera Songwe Photo
Vera Songwe Photo

Vera Songwe Demission

At a virtual town meeting for ECA partners and employees, Songwe announced her resignation as Executive Secretary of the Economic Commission for Africa (UNECA) and UN Under-Secretary-General. She expressed gratitude to the United Nations for its assistance in facilitating a deal between Russia and Ukraine to unblock grain exports from Black Sea ports and alleviate a global food crisis. Songwe has served as president of the continent’s leading economic think tank for the past five years. During that time, she has been in charge of a variety of issues, including the restructuring of the global financial architecture, the fight against the effects of the pandemic, and climate change in one of the world’s most affected regions.

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Vera Songwe World Bank

Songwe joined the World Bank in 1998 and worked in the Poverty Reduction and Economic Management (PREM) unit, which covered Tunisia and Morocco. She took on a number of roles in the PREM unit for East Asia and the Pacific over the next few years. As part of the International Development Association (IDA) 16th replenishment in 2010, Songwe was a member of the World Bank Group team that raised a historic US$49.3 billion in concessional financing for low-income countries worldwide.

Vera Songwe IFC

Songwe held positions as Country Director for Senegal, Cape Verde, The Gambia, Guinea Bissau, and Mauritania and Regional Director for Africa for the International Finance Corporation (IFC) from 2011 to 2015. Fiscal policy, innovative development financing mechanisms, agriculture, energy, and economic governance are her primary areas of interest. Songwe was appointed IFC Regional Director for West and Central Africa in July 2015.

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