Home Business & Tech Rwanda’s Kaberuka To Head IMF’s External Evaluation Team

Rwanda’s Kaberuka To Head IMF’s External Evaluation Team

by Dan Ngabonziza
2:47 pm

Dr. Donald Kaberuka

The International Monetary Fund (IMF) has appointed Rwanda’s Dr. Donald Kaberuka – former African Development Bank (AfDB) President to head its ‘External evaluation’ department.

This appointment by IMF’s Executive Board gives Kaberuka powers as the chair of a high-level panel that will undertake an external evaluation of the IMF’s Independent Evaluation Office (IEO).

The evaluation will assess how successfully the IEO has met its goals to serve as a means to enhance the learning culture within the Fund, strengthen the Fund’s external credibility, and support the Executive Board’s institutional governance and oversight responsibilities.

The evaluators have discretion in the conduct of their investigation within this broad contour, IMF says on its website.

Kaberuka’s panel includes two other members; Der Jiun Chia –the Assistant Managing Director of the Markets and Investment Group at the Monetary Authority of Singapore.

Also on this panel is Pernilla Meyersson – the current acting chief of staff at the General Secretariat of the Sveriges Riksbank. Sveriges Riksbank is Sweden’s central bank and a public authority under the Riksdag, the Swedish parliament.

Kaberuka who is recognized for turning around the fortunes of the African Development Bank, sits on different boards of global entities.

Since 2015, the economist has been a board member of the Rockefeller Foundation board of trustees – a USA-based philanthropic organisation and private foundation.

He is also serving as the African Union High representative for the peace fund and is a member of the World Economic Forum Board of Trustees, among many other assignments.

According to IMF, the external evaluators will be holding their first round of discussions in Washington, D.C. during the 2017 Annual Meetings.