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"I am honoured to serve as chair of the board of GFI and to join my fellow board members in a collective spirit to develop the work of GFI in the future," said Türk.

"I am pleased to transition a role I inherited from former President Clinton to such an able leader as Danilo, and I am honoured to have been part of this organization for these past ten years," Maria Figuerez is quoted as saying on the GFI website.

GFI is an international NGO that works towards a more equitable, sustainable approach to economic development through innovative programs to reduce poverty, enfranchise informal communities, and advance human rights and livelihoods.

Founded a decade ago by Karen Tramontano, GFI has implemented programs that strengthen rights and livelihoods, and generate opportunity for the working poor in Africa, Asia and Central America, the website reads.