News Politics

WTO Director-General Race: Okonjo-Iweala Makes Final Round

Nigeria’s former Minister of Finance, Dr. Ngozi Okonjo-Iweala has been selected for the final round of selection to become the next Director-General of the World Trade Organization, sources say.

Also selected is South Korea’s Yoo Myung-hee are through to the final round of selection to become the next Director-General of the World Trade Organization, according to three anonymous sources that briefed Reuters on the development.

With this development, the Geneva-based WTO will be led by a woman for the very first time since it was created 25 years ago.

Okonjo-Iweala, 66, who also served as foreign minister, is an economist, a World Bank veteran and development specialist now serving as board chair of global vaccine alliance Gavi.

The winning candidate will face formidable challenges with rising global tensions and protectionism during a COVID-induced slowdown, most obviously between China and President Donald Trump’s U.S. administration, as well as pressure to drive reforms.

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