Corrupt, mismanaged, and seemingly hopeless: that’s how the
international community viewed Nigeria in the early 2000s. Then Nigeria
implemented a sweeping set of economic and political changes and began
to reform the unreformable. This book tells the story of how a dedicated
and politically committed team of reformers set out to fix a series of
broken institutions, and in the process repositioned Nigeria’s economy
in ways that helped create a more diversified springboard for steadier
long-term growth. The author, Harvard- and MIT-trained economist Ngozi
Okonjo-Iweala, currently Nigeria’s Coordinating Minister for the Economy
and Minister of Finance and formerly Managing Director of the World
Bank, was a crucial player in her country’s economic reforms. In
Nigeria’s Debt Management Office and later as minister of finance, she
spearheaded negotiations with the Paris Club of Creditors that led to
the cancellation of sixty percent of Nigeria’s external debt. Reforming
the Unreformable offers an insider’s view of those debt negotiations; it
also details the fight against corruption and the struggle to implement
a series of macroeconomic and structural reforms.
Nigeria’s efforts can be viewed as a laboratory for other countries–not
just resource-rich developing countries like Nigeria, but any country
interested in reining in debt, managing volatility, saving for the
future, or building credibility with debtors and investors. This story
of development economics in action, written from the front lines of
economic reform in Africa, offers a unique perspective on the complex
and uncertain global economic environment.
international community viewed Nigeria in the early 2000s. Then Nigeria
implemented a sweeping set of economic and political changes and began
to reform the unreformable. This book tells the story of how a dedicated
and politically committed team of reformers set out to fix a series of
broken institutions, and in the process repositioned Nigeria’s economy
in ways that helped create a more diversified springboard for steadier
long-term growth. The author, Harvard- and MIT-trained economist Ngozi
Okonjo-Iweala, currently Nigeria’s Coordinating Minister for the Economy
and Minister of Finance and formerly Managing Director of the World
Bank, was a crucial player in her country’s economic reforms. In
Nigeria’s Debt Management Office and later as minister of finance, she
spearheaded negotiations with the Paris Club of Creditors that led to
the cancellation of sixty percent of Nigeria’s external debt. Reforming
the Unreformable offers an insider’s view of those debt negotiations; it
also details the fight against corruption and the struggle to implement
a series of macroeconomic and structural reforms.
Nigeria’s efforts can be viewed as a laboratory for other countries–not
just resource-rich developing countries like Nigeria, but any country
interested in reining in debt, managing volatility, saving for the
future, or building credibility with debtors and investors. This story
of development economics in action, written from the front lines of
economic reform in Africa, offers a unique perspective on the complex
and uncertain global economic environment.
Source: The Book Depository
”The truth might be hard to say, painful to bear or even drastic for the truth sayer but still needed to be said”. ALISON.
