Nemat Shafik graduated from the University of Massachusetts-Amherst with a B A in 1983.
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28 Facts About Nemat Shafik
3.
Nemat Shafik joined the World Bank after Oxford and held a variety of roles, starting in the research department where she worked on global economic modelling and forecasting and then later on environmental issues.
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4.
Nemat Shafik moved to do macroeconomic work on Eastern Europe during the transition and in the Middle East where she published a number of books and articles on the region's economic future, the economics of peace, labour markets, regional integration, and gender issues.
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5.
Nemat Shafik became the youngest ever Vice President at the World Bank at the age of 36.
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6.
Nemat Shafik initially went to the British Government's Department for International Development on secondment as Director General for Country Programmes where she was responsible for all of DFID's overseas offices and financing across Africa, the Middle East, Asia, Latin America, and Eastern Europe.
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7.
Nemat Shafik served as IMF Deputy Managing Director from April 2011 until March 2014.
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8.
Nemat Shafik joined the Bank of England as its first Deputy Governor on Markets and Banking responsible for the Bank's £500 billion balance sheet and served as a Member of the bank's Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulatory Authority.
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9.
Nemat Shafik led the Bank's Fair and Effective Markets review to tackle misconduct in financial markets.
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11.
Nemat Shafik has held academic appointments at the Wharton Business School of the University of Pennsylvania and the Economics Department at Georgetown University.
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12.
Nemat Shafik has authored, edited, and co-authored a number of books.
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13.
Nemat Shafik has written articles for a number of publications, including Oxford Economic Papers, Colombia Journal of World Business, The Middle East Journal, Journal of African Finance and Economic Development, World Development, and the Journal of Development Economics.
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14.
Nemat Shafik contributes to a blog with other heads of development agencies at Ideas4development.
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16.
Nemat Shafik has chaired several international consultative groups including: the Consultative Group to Assist the Poor, the Energy Sector Management Assistance Programme, the Global Water and Sanitation Program, Cities Alliance, InfoDev, the Public-Private Infrastructure Advisory Facility, and the Global Corporate Governance Forum.
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17.
Nemat Shafik was instrumental in launching the Africa Infrastructure Consortium.
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18.
Nemat Shafik served on a number of boards including the Middle East Advisory Group to the International Monetary Fund, and the Economic Research Forum for the Arab World, Iran and Turkey.
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19.
Nemat Shafik is active on the board and as a mentor to the Minority Ethnic Talent Association which supports under-represented groups to advance to senior positions in the civil service.
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20.
Nemat Shafik currently serves as a Trustee of the British Museum, the Council of the Institute for Fiscal Studies, the Task Force on Fiscal Policy for Health, the New Economy Forum, and the Per Jacobsson Foundation.
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21.
In 2021, Nemat Shafik was appointed to the Pandemic Preparedness Partnership, an expert group chaired by Patrick Vallance to advise the G7 presidency held by the government of Prime Minister Boris Johnson.
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22.
Nemat Shafik was made a Dame Commander of the Order of the British Empire in the June 2015 Queen's Birthday Honours.
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23.
Nemat Shafik was named as one of Forbes 100 most powerful women in 2015 and received the 100 Women in Finance European Industry Leaders Award in 2019.
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24.
Nemat Shafik was created Baroness Shafik, of Camden in the London Borough of Camden and of Alexandria in the Arab Republic of Egypt, in the 2020 Political Honours and was introduced to the House of Lords on 15 October 2020.
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25.
Nemat Shafik sits as a crossbencher and made her maiden speech on 28 January 2021.
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26.
Nemat Shafik was elected a honorary fellow of the British Academy in 2021 and was awarded an honorary doctorate from Utrecht University.
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27.
Nemat Shafik has twin children with her second husband, Raffael Jovine, and three stepchildren.
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28.
Nemat Shafik speaks English, Arabic, and French and holds both US and UK nationality.
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