Skip to main content

Featured

My Father's Advice

MY FATHER'S ADVICE... 1. Not everything will go as you expect in your life. This is why you need to drop expectations and go with the flow. 2.Reduce bitterness from your life, that shit delays blessings! 3. Dating a supportive woman is everything. 4. If you want to be successful, you must respect one rule - Never lie to yourself. 5. If your parents always count on you, don't play the same game with those who count on their parents. 6. Chase goals, not people. 7. Your 20's are your selfish years, build yourself, choose yourself first at all cost. 8. Detachment is power. Release anything that doesn't bring you peace. 9. Only speak when your words are more beautiful than your silence. 10. Invest in your looks. Do it for no one else but yourself. When you look good, you feel good. Normalize dressing well, you're broke not mad. 11. Some people want to see everything go wrong for you because nothing is going right for them. 12. Being a good person doesn't get you lov...

WTO Panel Recommends Nigeria’s Candidate for Top Post-The Panagora Blog

Nigerian former Foreign and Finance Minister Ngozi Okonjo-Iweala attends a press conference on July 15, 2020, in Geneva, following her hearing before World Trade Organization 164 member states' representatives, as part of the application process to head the WTO as Director General. 

Nigerian former Foreign and Finance Minister Ngozi Okonjo-Iweala attends a press conference on July 15, 2020, in Geneva, following her hearing before World Trade Organization 164 member states' representatives, as part of the application process to head the WTO as Director General. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

Nigeria’s former finance minister Ngozi Okonjo-Iweala received a key endorsement Wednesday from the World Trade Organization’s selection committee, moving her a step closer to becoming the WTO’s first female director-general, people familiar with the matter said.

The panel of three senior WTO ambassadors told Okonjo-Iweala that she had a wide margin of support and is best poised to command a consensus from the organization’s 164 members, according to the people, who declined to be identified because the discussions are confidential.

The recommendation helps Okonjo-Iweala clear one of the final hurdles in a complex and lengthy process aimed at naming the next leader of the WTO during the most turbulent period of its 25-year existence.

Okonjo-Iweala, 66, twice served as Nigeria’s finance minister and has experience working at international governance bodies as a former managing director of the World Bank and as a chair at the Global Alliance for Vaccines and Immunization.

Okonjo-Iweala campaigned as a WTO outsider and a reformer who told Bloomberg she plans to bring a “fresh set of eyes” to a deeply dysfunctional organization.

“I’m known as a strong reformer,“ she told Bloomberg in an interview. “My whole career at the World Bank has been involved with reforms in countries that have been beneficial.”

Next Steps

Looking ahead, the WTO’s leadership selection process is either nearing an end or it’s about to get messy.

Delegates for the members are expected to hold a general council meeting in the coming days to make a formal decision to determine if there is indeed consensus support for Okonjo-Iweala.

It is possible that the process may drag out if nations like the U.S. decide to oppose a decision to appoint Okonjo-Iweala.

U.S. Trade Representative Robert Lighthizer has pushed for South Korea’s candidate, Yoo Myung-hee, even though Okonjo-Iweala gained U.S. citizenship in 2019.

Sources close to Lighthizer say he views Okonjo-Iweala as being too close to pro-trade internationalists in Washington like Robert Zoellick, a former USTR who worked with Okonjo-Iweala when he was president of the World Bank.

An impasse in the WTO leadership race wouldn’t likely bother President Donald Trump, who has blasted the Geneva-based organization as a tool for globalists who allowed China’s economic rise to go unchecked.

If Trump wins the U.S. election next week, his aides have indicated they plan to continue to reshape the WTO with a narrower scope to resolve trade disputes.

If it’s not possible for the general council to agree on a consensus candidate, WTO members can consider the possibility of recourse to a vote as a last resort by a procedure to be determined at that time. Such a development would be unprecedented for the WTO.

Comments