Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


Cornelia Richter, a German national and former Managing Director and member of the Executive Committee of the German Corporation for International Cooperation (GIZ), joined the International Fund for Agricultural Development (IFAD) today as Vice-President.

In her new role, Richter will provide strategic direction to IFAD, promote corporate approaches and solutions, and will oversee the budget, quality assurance and ethics offices.

IFAD is a specialized agency of the United Nations dedicated to eradicating rural poverty in developing countries. Seventy-five per cent of the world’s poorest people – 1.4 billion women, children and men – live in rural areas and depend on agriculture and related activities for their livelihoods.

“At such a crucial moment as we look to reach the Sustainable Development Goals, I am excited and honoured for this leadership opportunity to support IFAD’s unique mandate both as an international financing institution and United Nations agency focusing on rural development,” Richter said.

Richter’s extensive experience was acquired through a broad range of international cooperation assignments, such as Advisor for Planning and Research and Multilateral Institutions at the German Ministry for Economic Cooperation, Macroeconomic Advisor in Africa, and several managerial positions at GIZ, including Director General for Asia and the Pacific, and Director General for Global and Sectoral Issues. In addition, Richter has also worked in partnership with the private sector, non-governmental organizations and the Gates Foundation on value chain development and social issues.

Richter has a degree in economics and social science from the University of Göttingen. She completed postgraduate studies in systemic management at the University of St Gallen, Switzerland, and in organizational development at Columbia University in the United States. Richter is a member of several advisory boards, including the German Asia-Pacific Business Association, the Latin American Association for German Companies, the German Development Institute, the European Interuniversity Association, the Foundation for Peace and Development and the NGO Child Aid.