IMF establishes advisory council on entrepreneurship, growth; appoints Tony Elumelu as member  

International Monetary Fund IMF, has said that as part of its efforts to help its 191 member countries create more conducive macroeconomic and financial conditions for strong and durable economic growth driven by productivity enhancements, the IMF Managing Director, Kristalina Georgieva, convened an inaugural meeting with her new Advisory Council on Entrepreneurship and Growth. According to the IMF Managing Director Ms. Georgieva “the medium-term outlook for world economic growth is at its lowest in several decades. Much of the slowdown can be attributed to declining productivity growth.”
“The Council brings together a group of leading thinkers and practitioners in business, finance, academia, and policymaking to share their views and experiences on how macroeconomic and financial policies can provide a supportive environment for innovation, entrepreneurship, and productivity—key ingredients for a thriving private sector and strong economic growth,” she said.
The Council’s confirmed members thus far are: Professor Ufuk Akcigit, Arnold C. Harberger Professor of Economics, University of Chicago; HRH Ambassador Reema Bandar Al-Saud, Ambassador of the Kingdom of Saudi Arabia to the United States of America; Marc Benioff, Chair, CEO, and Co-Founder of Salesforce; Ana Botín, Executive Chair, Banco Santander; Natarajan Chandrasekaran, Chairman, Tata Group; Margherita Della Valle, Chief Executive, Vodafone Group; Tony O. Elumelu, Founder and Chairman, Heirs Holdings; Robert Smith, Founder, Chairman and CEO, Vista Equity Partners and Federico Sturzenegger, Argentine Minister of Deregulation and State Transformation.
“The IMF Managing Director’s Advisory Council will meet approximately once every three months in structured discussions under Chatham House rules.
The discussions with the Council will inform the IMF’s analytical agenda and policy research aimed at promoting macroeconomic and financial policies that are conducive to higher productivity growth and can support stronger medium-term economic prospects across its membership”.