Former Nigerian Finance Minister Ngozi Okonjo-Iweala has received absolute support to become the first woman and Africans to hold the position of World Trade Organization (WTO) General Director.
According to Reuters, Okonjo-Iweala will become one of the few female leaders of a large multilateral organization. She is expected to take on her new role at the WTO within the next few weeks.
As a person with more than 25 years of experience working in the World Bank (WB), where she has supervised a portfolio of up to 81 billion USD, Ngozi Okonjo-Iweala has surpassed 7 other candidates thanks to her theory. of the WTO members on her commercial capabilities to help alleviate poverty.
|New Director-General of WTO Ngozi Okonjo-Iweala. Photo: Vanguard Nigeria|
Born and raised in Nigeria, Okonjo-Iweala traveled to the US to study development economics at Harvard University. After returning home in 2003, she served as finance minister and briefly served as Foreign Minister of Nigeria. Using her tough negotiation skills, Okonjo-Iweala helped Nigeria write off debts of billions of dollars with the Paris Club’s creditors in 2005.
In the role of the new General Director of the WTO, Ms. Ngozi Okonjo-Iweala, 66 years old, will act as the mediator for the international trade negotiations, as the US-China trade relationship is still evolving. stress. In addition, she will have a responsibility to respond to the pressures of reforming trade rules, and to resist the rise of protectionism caused by the Covid-19 epidemic.
“She brings the stature, the experience, the network and the spirit to try to get the job done, which is something I welcome very much,” former WTO Director-General Pascal Lamy told Reuters, “I think, she is a good choice… and the key to her success will be her ability to operate in the heart of the US-EU-China economic triangle ”.
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