Deputy Finance Minister to Control ADB’s $2.5Bnin Tanzania

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Sierra Leone’s Deputy Minister of Finance, Dr. Patricia Laverley has just secured a new job with the Africa Development Bank (ADB).

The deputy minister was yesterday 18th November, 2021 appointedto serve as the African Development Bank’s Country Manager inTanzania. In this role she will be managing an activeportfolio of approximately US$2.5 Billion with annual lending of US$1 Billion.

Before her new office with the ADB, Dr. Laverleyresponsibilities as deputy finance minister in Sierra Leone include, among others, the formulation and implementation of the Ministry of Finance’s Strategic Plan and Public Financial Management Reform Strategy (2019-2023), aimed at improving the effectiveness and efficiency of the public financial management system in the country.

She brought enormous experience to the Ministry of Finance, following 20 years of professional experience at the IMF, World Bank, HSBC and the African Development Bank.

Her rich academic background includes Bachelors, Masters and Doctorate degrees at the American University in Washington, DC and London, UK.

Patricia previously delivered courses on development economics and finance, authored/co-authored publications on the imbalance in the global financial architecture, effectiveness of World Bank programs and ADB’s public financial management reforms across Africa.

She has delivered presentations on critical macroeconomic issues in leading global finance conferences, i.e., WB/IMF Annual Meetings, IDA/ADB Replenishment Consultations, UNCTAD’s Intergovernmental Forum on Mining, Minerals and Metals, etc.

One of her notable private sector experiences include carrying out financial audits at HSBC in New York for its compliance with US financial market regulations.