February 27, 2018


Janet L. Yellen and IFC CEO Philippe Le Houérou
Janet L. Yellen and IFC CEO Philippe Le Houérou

SIPA will honor the distinguished economist and former Federal Reserve chair Janet L. Yellen and the International Finance Corporation, represented by CEO Philippe Le Houérou, at the Global Leadership Awards Gala on May 3. This year’s celebration will highlight the impact of financial innovation in addressing systemic challenges.

Now in its 18th year, the annual event recognizes the work of individuals and organizations who have made extraordinary contributions to the global public good. Honorees demonstrate the values and qualities that SIPA strives to instill in its students.

The 2018 Global Leadership Awards Gala will take place at New York City’s Mandarin Oriental Hotel. All proceeds will provide critical fellowship support for SIPA students who represent the next generation of global citizens and public policy leaders.

The Global Leadership Awards Gala is open to the public. To learn more or register, please visit the Gala website.

About the Honorees:

Janet L. Yellen is a distinguished fellow in residence at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.  She served as chairman of the Board of Governors of the Federal Reserve System from 2014 through February 2018. Before that, she served as vice chair of the Board of Governors and, from 2004 to 2010, as president and chief executive officer of the Federal Reserve Bank of San Francisco. Yellen graduated from Brown University in 1967 and received her PhD in economics from Yale University in 1971. Yellen has served on a number of international committees and written on a wide variety of macroeconomic issues, specializing in the causes, mechanisms, and implications of unemployment.

The International Finance Corporation—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. IFC works with more than 2,000 businesses worldwide, using its capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17 IFC delivered a record $19.3-billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org.

Since joining IFC in March 2016, Philippe Le Houérou has led the organization’s efforts to create new markets in developing countries and redefine development finance by promoting initiatives and reforms that unlock billions of dollars in additional private-sector investment.