New World Trade Organization Chief

The World Trade Organization has chosen Nigeria’s former finance minister Ngozi Okonjo-Iweala as its first female and first African leader, handing her the task of restoring trust in a rules-based global trading system.

On Monday, the WTO’s 164 members unanimously selected the 66-year-old development economist to serve a four-year term as director general. Okonjo-Iweala will take over the institution, with its budget of $220m and staff of 650, at a critical time.

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A picture taken on July 15, 2020, in Geneva shows Nigerian former Foreign and Finance Minister Ngozi Okonjo-Iweala smiling during a hearing before World Trade Organization 164 member states’ representatives, as part of the application process to head the WTO as Director General. – South Korean trade minister Yoo Myung-hee on February 5, 2021 abandoned her bid to become head of the WTOm, Seoul said, clearing the way for Nigeria’s Ngozi Okonjo-Iweala to become the global body’s first woman and first African director-general. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

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