The China Mail - Ngozi Okonjo-Iweala: the WTO's trailblazing motivator

USD -
AED 3.673102
AFN 62.999911
ALL 81.549637
AMD 371.400631
ANG 1.789884
AOA 918.000328
ARS 1404.690101
AUD 1.391972
AWG 1.80125
AZN 1.700959
BAM 1.672231
BBD 2.013706
BDT 122.949593
BGN 1.668102
BHD 0.377247
BIF 2975
BMD 1
BND 1.276607
BOB 6.908463
BRL 5.00125
BSD 0.999756
BTN 94.471971
BWP 13.52189
BYN 2.82083
BYR 19600
BZD 2.010807
CAD 1.367769
CDF 2322.501104
CHF 0.789201
CLF 0.022643
CLP 891.189773
CNY 6.83745
CNH 6.83866
COP 3610.92
CRC 454.776694
CUC 1
CUP 26.5
CVE 94.403662
CZK 20.803045
DJF 177.719945
DKK 6.379296
DOP 59.249817
DZD 132.487026
EGP 52.821501
ERN 15
ETB 157.374948
EUR 0.853599
FJD 2.21975
FKP 0.737964
GBP 0.739845
GEL 2.695017
GGP 0.737964
GHS 11.13974
GIP 0.737964
GMD 73.500338
GNF 8777.502481
GTQ 7.638607
GYD 209.169998
HKD 7.836655
HNL 26.620441
HRK 6.431989
HTG 130.969532
HUF 310.533499
IDR 17247
ILS 2.95602
IMP 0.737964
INR 94.60835
IQD 1310
IRR 1315999.999745
ISK 122.239636
JEP 0.737964
JMD 157.527307
JOD 0.708974
JPY 159.554498
KES 129.100507
KGS 87.429602
KHR 4010.000138
KMF 421.000187
KPW 899.995813
KRW 1472.103834
KWD 0.30756
KYD 0.833202
KZT 458.273661
LAK 21944.999934
LBP 89599.999968
LKR 318.685688
LRD 183.750231
LSL 16.535001
LTL 2.95274
LVL 0.60489
LYD 6.345024
MAD 9.25625
MDL 17.291603
MGA 4149.000162
MKD 52.641693
MMK 2100.039346
MNT 3596.354975
MOP 8.070247
MRU 39.999727
MUR 46.779919
MVR 15.450593
MWK 1741.000009
MXN 17.387315
MYR 3.952498
MZN 63.909973
NAD 16.550393
NGN 1370.169702
NIO 36.714991
NOK 9.316145
NPR 151.155324
NZD 1.698615
OMR 0.38448
PAB 0.999761
PEN 3.504747
PGK 4.34475
PHP 61.091979
PKR 278.626715
PLN 3.62728
PYG 6267.180239
QAR 3.643249
RON 4.351198
RSD 100.231011
RUB 75.32596
RWF 1460.5
SAR 3.750982
SBD 8.025935
SCR 14.004808
SDG 600.502842
SEK 9.27194
SGD 1.276335
SHP 0.746601
SLE 24.62499
SLL 20969.496166
SOS 571.501661
SRD 37.464976
STD 20697.981008
STN 21.25
SVC 8.748402
SYP 110.549271
SZL 16.549972
THB 32.499259
TJS 9.378107
TMT 3.505
TND 2.88375
TOP 2.40776
TRY 45.040101
TTD 6.798138
TWD 31.530499
TZS 2607.622964
UAH 44.060757
UGX 3719.267945
UYU 39.45844
UZS 12070.000014
VES 484.618565
VND 26348
VUV 118.225603
WST 2.727813
XAF 560.845941
XAG 0.013644
XAU 0.000218
XCD 2.70255
XCG 1.801836
XDR 0.697718
XOF 559.449932
XPF 102.224976
YER 238.650158
ZAR 16.542855
ZMK 9001.195095
ZMW 18.969203
ZWL 321.999592
  • RBGPF

    0.0000

    64

    0%

  • GSK

    0.2500

    54.47

    +0.46%

  • RYCEF

    -0.2000

    15.2

    -1.32%

  • RELX

    -0.3800

    36.01

    -1.06%

  • CMSC

    -0.0300

    22.83

    -0.13%

  • BTI

    1.1500

    58.47

    +1.97%

  • BP

    0.3800

    46.35

    +0.82%

  • RIO

    -1.4600

    98.49

    -1.48%

  • BCE

    -0.0600

    23.5

    -0.26%

  • BCC

    -1.2500

    82.61

    -1.51%

  • NGG

    0.2200

    87.45

    +0.25%

  • AZN

    -0.8300

    186.68

    -0.44%

  • VOD

    -0.0200

    15.49

    -0.13%

  • CMSD

    -0.0600

    23.2

    -0.26%

  • JRI

    -0.0200

    12.81

    -0.16%

Ngozi Okonjo-Iweala: the WTO's trailblazing motivator
Ngozi Okonjo-Iweala: the WTO's trailblazing motivator / Photo: © AFP

Ngozi Okonjo-Iweala: the WTO's trailblazing motivator

Ngozi Okonjo-Iweala, reappointed on Friday as head of the World Trade Organization, hinged her leadership on breaking logjams at the sclerotic institution through craft, dynamism and sheer force of personality.

Text size:

The World Bank veteran, 70, is a trailblazer. She was Nigeria's first woman finance minister and is the first woman and the first African to run the WTO.

With her no-nonsense style and disdain for red tape, she positioned herself as someone who could bang heads together and get business done.

Okonjo-Iweala has pulled off some breakthroughs at the global trade body, notably sealing a long-stalled deal on curbing subsidies for harmful fishing practices.

But now she must steer the WTO through the US presidency of Donald Trump -- who paralysed the organisation in his first term and opposed her initial candidacy for the leadership.

- 'Forget business as usual' -

In March 2021, Okonjo-Iweala took over an organisation mired in multiple crises and struggling to help member states navigate the severe global economic slump triggered by the coronavirus pandemic.

"Forget business as usual," she pledged before taking the reins.

Since taking over the 166-member WTO, Okonjo-Iweala has overseen two of its biennial ministerial conferences.

The 2022 gathering at the WTO's Geneva headquarters saw the director-general secure results and demonstrate the round-the-clock stamina essential to striking international trade deals.

Countries agreed the first stage of a long-elusive deal on curbing harmful fishing subsidies, and struck agreements on bolstering food insecurity and temporarily waiving patents on Covid-19 vaccines.

The second conference, in Abu Dhabi this year, secured nothing more than a temporary extension of an e-commerce moratorium, casting fresh doubt on the WTO's effectiveness.

While Okonjo-Iweala criss-crosses the world from conferences to meetings of top finance ministers and heads of diplomacy to try to move things forward, she rarely holds press conferences.

She was the sole candidate to lead the WTO for four years from September 2025.

"Ngozi brings a huge amount of personal authority, credibility and capability to what's a challenging and difficult role," Britain's trade minister Douglas Alexander told AFP last month.

"She clearly has an ambitious agenda in relation to that interaction of trade and environment."

He praised her "steady leadership, her deep commitment to the interests of the Global South, and her understanding, as a former finance minister, of the imperative of trade for all of our economies".

- Harvard, MIT training -

Born in 1954 in Ogwashi Ukwu, in Delta State, western Nigeria, Okonjo-Iweala is the daughter of a traditional ruler.

She and her neurosurgeon husband, Ikemba Iweala, have four children and five grandchildren.

She is often surrounded by her loved ones and she always warmly thanks her husband, who attended both ministerial conferences, for his support.

A development economist by training, she spent much of her life in the United States, graduating from Harvard -- where she later sent her four children -- before earning a master's degree and a doctorate from the Massachusetts Institute of Technology.

Okonjo-Iweala had a 25-year career at the World Bank, eventually becoming its number two.

She was the Washington-based institution's managing director and ran for the top job in 2012.

Her first term as Nigeria's finance minister, from 2003 to 2006, was followed by two months as the foreign minister.

She was the first woman to hold both positions.

She returned to the finance minister brief from 2011 to 2015 under president Goodluck Jonathan.

Okonjo-Iweala portrayed herself as a champion against Nigeria's rampant corruption -- and said her own mother was even kidnapped over her attempts to tackle the scourge.

But her critics charged she did not do enough to stop corruption while in power.

Okonjo-Iweala also held a slew of directorships at places like Standard Chartered Bank and the Rockefeller Foundation.

She was on the Twitter board of directors and chaired Gavi, the Vaccine Alliance.

When Roberto Azevedo stepped down early as WTO head in August 2020, Okonjo-Iweala put herself forward and saw off seven other candidates.

R.Lin--ThChM