Following the President’s approval of the appointment, the Bank’s Board of Governors met yesterday to elect Darkortey as the next Executive Director for constituent countries including The Gambia, Ghana, Liberia, Sierra Leone and Sudan.
He is expected to be one of 20 members of the Bank’s Board of Directors, representing 81 countries around the world to run the Bank’s affairs. The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Present in 41 African countries with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member states.
Darkortey served as president of the Liberian Association of Cleveland and Ohio for several years. He is an economist and chief financial officer with many years of experience with multinational institutions, including KeyBank NA (the 24th largest bank in the United States with assets of approximately$186 billion).
His professional experiences include economic development, infrastructure and real estate development; revenue performance, management and mobilization of domestic resources; formulation and management of fiscal and monetary policy framework; budget and resource allocations; domestic and international trade; development and investment in small, medium and large enterprises.
Darkortey holds a master’s and bachelor’s degree in economics from Cleveland State University in Cleveland, Ohio and an associate degree with honors in computer science with a major in computer programming from AME Zion Community College in Liberia. .
Prior to this appointment, Darkortey previously worked at the AfDB as Senior Advisor to the Executive Director from 2018 to 2019. He also served as the Bank’s Alternate Executive Director from 2020 until his election as Executive Director on May 26, 2022. .
Additionally, prior to his endorsement by President Weah, Darkortey served as a senior economic and policy adviser in the cabinet of Minister of Finance and Development Planning, Samuel Tweah, focusing on advocacy on economic issues, fiscal, monetary and other related to development. of the country, including commitments from public and private sector stakeholders, both nationally and internationally, to facilitate the coordination, formulation and implementation of the country’s development plan, the Pro-Poor Agenda for Prosperity and Development (PAPD).