Li Yong, a senior economic and financial policymaker from the People’s Republic of China, was confirmed as the new Director General of the United Nations Industrial Development Organization (UNIDO) on 28 June 2013.
In the election, Li Yong ran against five other candidates and secured the necessary two–thirds of the votes cast by UNIDO’s 53-member Industrial Development Board. His appointment was confirmed at a special session of the organization’s General Conference taking place today in Vienna. He will serve an initial four-year term.
Li Yong has been China’s Vice-Minister of Finance since 2003. “It is my honour to be elected. The Chinese Government has recommended me and that shows its strong support for industrial development,” said Director General Li. Li Yong said the organization faces many challenges, adding, “We are going to provide more effective services to support the different needs of different regions and countries. The most disadvantaged areas need to boost their industrial sectors, while middle-income countries need to improve their level of industrial development.”
“China is today one of the world’s largest manufacturing economies and its economic transformation has lifted hundreds of millions of people out of poverty. This experience could be shared with other developing countries fighting to eradicate poverty,” added Li.
Representatives of UNIDO Member States participating in the General Conference congratulated Li Yong on his election and expressed their intention to provide full support in the years ahead, and help him strengthen and improve the organization.
The new UNIDO Director General takes over from Kandeh K. Yumkella of Sierra Leone, who has led the organization since 2005, and who is now the UN Secretary-General’s Special Representative for Sustainable Energy for All and CEO of the Initiative.
UNIDO is the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability.
The following is the sketchy bio of Li Yong:
Major Domestic and International Work Experience
2003- Vice Minister, Ministry of Finance (MOF), the People’s Republic
2000-2003 Assistant Minister, MOF
1999-2002 Secretary General, the Chinese Institute of Certified Public
1996-1998 Executive Director for China in the World Bank Group
1992-1996 Deputy Director General and then Director General, the World
Bank Department of MOF
1990-1992 Senior Advisor to Executive Director for China in the World
1989-1990 Director, the World Bank Department of MOF
1985-1989 Second Secretary and then First Secretary of China’s Mission to
1984 Deputy Director, Foreign Fiscal Research Office of the Research
Institute for Fiscal Science of MOF
Other Domestic Work Experience
2003- Member of the Monetary Policy Committee of the People’s Bank
of China (the Central Bank)
2008- Member of the State Council’s (the Cabinet) Task Force for
Tackling Global Financial Crisis
2010- President of the Chinese Institute of Certified Public Accountants
2006-2009 Chief, the Office of the Leading Group for the China-U.S.
Strategic Economic Dialogue2
Other International Work Experience
2009- Member of the Financial Stability Board (FSB)
2011- Trustee of the International Financial Reporting Standards
2011- Member of the International Integrated Reporting Council (IIRC)
2003-2012 Alternate Governor for China in the World Bank Group
2003-2012 Alternate Governor for China in the Asian Development Bank
2004-2011 Governor for China in the International Fund for Agricultural
Member of Advisory Council of the Asian Development Bank
2001-2002 President of the Confederation of Asian and Pacific Accountants
1997-1998 Co-Chair of the Budget Committee of the Board of Executive
Directors of the World Bank Group
1995-1997 Member of the UN Committee on Contributions