Okonjo-Iweala: Former Finance Minister WTO candidacy endorsed by 79 countries

Okonjo-Iweala: Former Finance Minister WTO candidacy endorsed by 79 countries

Former Minister of Finance, Ngozi Okonjo-Iweala, on Friday, October 16, stated the reforms needed to be undertaken if her quest to become the president of the World Trade Organisation (WTO) is successful

“I feel the wind behind my back,” Okonjo-Iweala told a virtual press briefing after the 55-member African Union officially supported her over her sole remaining opponent, Yoo Myung-hee of South Korea.

Okonjo-Iweala said she was thrilled to learn that “all African countries are getting behind me.”

According to her, a group of Caribbean and Pacific states had also said they would back her, bringing the number of countries officially endorsing her candidacy to 79 out of the 164 states that comprise the WTO.

She also said she felt “optimistic” about her support in Latin America, and said she felt she had gotten “very good traction and good support” in Asia so far.

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“I feel quite confident that across the regions, we will be able to attract” support, Okonjo-Iweala added while hinting that the European Union was due to announce its preference of the last two candidates “soon”.

1st News had reported that President Muhammadu Buhari, on Monday, assured Okonjo-Iweala during her visit to Aso Villa in Abuja that he would do all within his powers to ensure she gets the job.

The global trade body is set to be led by a woman for the first time; whichever of the two candidates is successful in their bid to follow Roberto Azevedo; who stepped down as WTO director-general in August a year ahead of schedule.

Okonjo-Iweala, 66, who served as Nigeria’s first female finance and foreign minister; and has a 25-year career behind her as a development economist at the World Bank; said it would be good if WTO could also boast its first African leader.

“If that person is African and a woman, I think that is great. Because… neither an African nor a woman has led the organisation,” she said.

But at a time when the WTO is engulfed by multiple crises; she stressed that the new chief must above all be highly skilled in political and diplomatic negotiations; as well as at the managerial level.

“The WTO at this time with the challenges it confronts needs a very competent Director General; who is able to have the political reach and stature to be able to do reforms; and deal at very high levels.

“It is not only having those skills; but having them all meet in one person at this juncture when the WTO needs that,” she said.

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