The Fort Worth Press - Ngozi Okonjo-Iweala: the WTO's trailblazing motivator

USD -
AED 3.672501
AFN 66.067612
ALL 82.8638
AMD 380.809338
ANG 1.790055
AOA 916.999806
ARS 1429.187395
AUD 1.504529
AWG 1.8
AZN 1.703637
BAM 1.678561
BBD 2.013191
BDT 122.291693
BGN 1.679041
BHD 0.376856
BIF 2953.315625
BMD 1
BND 1.294838
BOB 6.907176
BRL 5.447098
BSD 0.999515
BTN 89.869974
BWP 13.279664
BYN 2.873658
BYR 19600
BZD 2.010265
CAD 1.381655
CDF 2232.000248
CHF 0.803025
CLF 0.023592
CLP 925.5039
CNY 7.070098
CNH 7.0669
COP 3834.99
CRC 488.257028
CUC 1
CUP 26.5
CVE 94.635478
CZK 20.758298
DJF 177.991958
DKK 6.402765
DOP 63.973772
DZD 129.665199
EGP 47.443796
ERN 15
ETB 155.039072
EUR 0.85728
FJD 2.26045
FKP 0.749695
GBP 0.749725
GEL 2.695029
GGP 0.749695
GHS 11.370015
GIP 0.749695
GMD 72.999513
GNF 8685.427877
GTQ 7.656525
GYD 209.119699
HKD 7.78003
HNL 26.325885
HRK 6.464899
HTG 130.848421
HUF 327.428501
IDR 16695.7
ILS 3.232841
IMP 0.749695
INR 90.14585
IQD 1309.422659
IRR 42112.503451
ISK 127.73969
JEP 0.749695
JMD 159.985925
JOD 0.708977
JPY 155.161991
KES 129.349874
KGS 87.449601
KHR 4002.008299
KMF 421.999651
KPW 899.999499
KRW 1466.369733
KWD 0.30697
KYD 0.833011
KZT 505.488469
LAK 21674.94872
LBP 89509.084511
LKR 308.306942
LRD 175.925846
LSL 16.940275
LTL 2.95274
LVL 0.60489
LYD 5.433565
MAD 9.231911
MDL 17.00696
MGA 4458.595993
MKD 52.902606
MMK 2099.59745
MNT 3547.373646
MOP 8.015311
MRU 39.859591
MUR 46.10087
MVR 15.40468
MWK 1733.230916
MXN 18.16215
MYR 4.109502
MZN 63.909755
NAD 16.940275
NGN 1449.83973
NIO 36.784332
NOK 10.097335
NPR 143.789935
NZD 1.728145
OMR 0.383619
PAB 0.999601
PEN 3.359867
PGK 4.241441
PHP 58.905037
PKR 280.223059
PLN 3.625865
PYG 6874.56283
QAR 3.643394
RON 4.365504
RSD 100.758694
RUB 76.685013
RWF 1454.300464
SAR 3.753098
SBD 8.230592
SCR 13.516483
SDG 601.502233
SEK 9.38428
SGD 1.295175
SHP 0.750259
SLE 23.699323
SLL 20969.498139
SOS 570.219668
SRD 38.629036
STD 20697.981008
STN 21.026975
SVC 8.746363
SYP 11056.837473
SZL 16.927216
THB 31.84397
TJS 9.171008
TMT 3.51
TND 2.932155
TOP 2.40776
TRY 42.563302
TTD 6.776533
TWD 31.126501
TZS 2444.999681
UAH 41.962469
UGX 3535.964709
UYU 39.093679
UZS 11958.01435
VES 254.551935
VND 26365
VUV 121.361107
WST 2.788611
XAF 562.973484
XAG 0.017171
XAU 0.000237
XCD 2.70255
XCG 1.801454
XDR 0.700158
XOF 562.973484
XPF 102.355041
YER 238.549943
ZAR 16.93279
ZMK 9001.198714
ZMW 23.109173
ZWL 321.999592
  • RBGPF

    0.0000

    78.35

    0%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • SCS

    -0.0900

    16.14

    -0.56%

  • NGG

    -0.5000

    75.41

    -0.66%

  • BCC

    -1.2100

    73.05

    -1.66%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • JRI

    0.0400

    13.79

    +0.29%

  • RIO

    -0.6700

    73.06

    -0.92%

  • RELX

    -0.2200

    40.32

    -0.55%

  • BCE

    0.3300

    23.55

    +1.4%

  • GSK

    -0.1600

    48.41

    -0.33%

  • BTI

    -1.0300

    57.01

    -1.81%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • BP

    -1.4000

    35.83

    -3.91%

  • AZN

    0.1500

    90.18

    +0.17%

  • VOD

    -0.1630

    12.47

    -1.31%

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.

C.Dean--TFWP