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New WTO boss Okonjo-Iweala: combative, straightforward, with integrity

2021-03-01T09:37:49.031Z


Two weeks after her appointment as the new WTO Director General, Nigerian Ngozi Okonjo-Iweala officially takes office today. The 66-year-old will cause unrest - in a positive way.


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New WTO chief Okonjo-Iweala: "Trade is important"

Photo: JOSHUA ROBERTS / REUTERS

Wherever the renowned development economist Ngozi Okonjo-Iweala appears, she makes an impression.

Despite decades in the USA, the Nigerian has retained her style among suit and costume wearers: She wears brightly colored dresses, with large patterns, almost always with a tied headscarf.

She once opted for traditional Nigerian clothing when things had to be quick when she brought her four children to school in the morning, she told the BBC in 2012.

She stuck to it, and it pays off: she pays the equivalent of 25 euros per outfit, she said at the time.

In the World Trade Organization (WTO), which Okonjo-Iweala now heads, dark suits dominate.

Director General Roberto Azevêdo, who left the organization last summer, was the ninth man in a row since 1948 at the helm of the WTO and its predecessor, the General Agreement on Tariffs and Trade (GATT).

The four deputies who have headed the WTO since Azevêdo's departure are also men.

"I want to revitalize the organization," said Okonjo-Iweala when applying for the post.

Whereby it is not just about a better women's presence.

The WTO urgently needs a breath of fresh air.

It has long been paralyzed by trench warfare between countries in the South and North and by the blockade of the US government under Donald Trump.

"I'm a doer," Okonjo-Iweala promised.

"Trade is important for prosperity, resilience and sustainable growth, and the WTO is central to that," she said.

"If we didn't have the WTO, we'd have to invent it."

Up your sleeves and tackle it

When she was appointed in mid-February, she made her style clear: up her sleeves and get down to business.

In the WTO dispute between poor and rich countries over whether the patents of pharmaceutical companies should be suspended so that more corona vaccine can be produced, she relies on pragmatics.

You don't have to mess around with patents, you have to agree on the goal and then look for creative ways to get there, she said.

She also found creative solutions as number two at the World Bank in Washington, where she set up short-term programs for the poorest countries during the 2009 financial crisis.

With the same instinct for action, she took up the fight against corruption in Nigeria as finance minister.

When her own mother was abducted to force her to resign, she did not flinch.

The mother was released.

Okonjo-Iweala was a total of 25 years at the World Bank, twice finance minister in her home country and briefly foreign minister.

She is considered assertive and a good mediator who can initiate compromises.

She studied economics and development economics at the elite universities of Harvard and MIT in the USA, where she received her doctorate.

Several times among the 100 most influential

The professor's daughter has been named among the 100 most influential people in the world several times in the past ten years by the magazines "Time", "Forbes" and others.

Transparency International, the organization that publishes a corruption index for all countries, portrayed her as one of eight inspiring anti-corruption fighters in 2019.

Okonjo-Iweala is highly regarded in Nigeria.

She is considered one of the most successful members of the government since she negotiated debt relief of $ 30 billion with rich countries in 2005, among others.

She is also widely recognized as the architect of better management of oil revenues, which make up most of Nigeria's national budget.

Okonjo-Iweala is married to a neurosurgeon and has both Nigerian and American citizenship.

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mik / dpa-AFX

Source: spiegel

All business articles on 2021-03-01

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