The Development Bank of Ethiopia received a new board of directors chaired by former senior staff of the United Nations, Tegegnwork Gettu (PhD). Tegegnework replaced Shiferaw Shigute and another six new board members including Yohannes Ayalew (PhD), director of the state think-tank; Tefera Deribew, former minister of Agriculture; Umer Hussien, current minister of Agriculture; and Mesfin Nemera, a former parliamentarian. Tegegnework served as the Under-Secretary-General for General Assembly & Conference Management at UNDP. Before joining the UN, he was an academic staff member at Columbia University, the University of Rochester and Addis Abeba University. The policy bank was established in 1909 and received its current corporate structure a decade and a half ago.
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