Christine Lagarde Congratulates Okonjo-Iweala On WTO Job

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L-R: Director-General, WTO, Dr. Ngozi Okonjo-Iweala and President of European Central Bank /Former IMF Boss, Christine Lagarde.

The President of the European Central Bank, Christine Lagarde has congratulated Dr. Ngozi Okonjo-Iweala on her selection as the first female and the first African to be chosen as the Director-General of the World Trade Organisation (WTO).

Lagarde who was the former Managing Director of the International Monetary Fund (IMF) from 2011 to 2019, expressed confidence through her LinkedIn Page, that Okonjo-Iweala would bring her strong will and determination to promote free trade for the benefit all worldwide.

“Congratulations to my friend Ngozi Okonjo-Iweala on becoming the first female Director-General of the World Trade Organisation. I’ve known Ngozi for many years. Her strong will and determination will drive her to tirelessly promote free trade to the benefit of people worldwide,” she wrote on her page.

TheFact Nigeria reports that the WTO members made history yesterday (15 February, 2021) when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General.
When she takes office on March 1, Dr. Okonjo-Iweala would become the first woman and the first African to be chosen as Director-General. Her term, renewable, will expire on 31 August 2025.

“This is a very significant moment for the WTO. On behalf of the General Council, I extend our warmest congratulations to Dr Ngozi Okonjo-Iweala on her appointment as the WTO’s next Director-General and formally welcome her to this General Council meeting,” said General Council Chair David Walker of New Zealand who, together with co-facilitators Amb. Dacio Castillo (Honduras) and Amb. Harald Aspelund (Iceland) led the nine-month DG selection process.

“Dr Ngozi, on behalf of all members I wish to sincerely thank you for your graciousness in these exceptional months, and for your patience. We look forward to collaborating closely with you, Dr Ngozi, and I am certain that all members will work with you constructively during your tenure as Director-General to shape the future of this organization,” he added.

Dr. Okonjo-Iweala said a key priority for her would be to work with members to quickly address the economic and health consequences brought about by the COVID-19 pandemic.

“I am honoured to have been selected by WTO members as WTO Director-General,” said Dr Okonjo-Iweala. “A strong WTO is vital if we are to recover fully and rapidly from the devastation brought by the COVID-19 pandemic. I look forward to working with members to shape and implement the policy responses we need to get the global economy going again. Our organization faces a great many challenges but working together we can collectively make the WTO stronger, more agile and better adapted to the realities of today,” she said.

The General Council decision follows months of uncertainty which arose when the United States initially refused to join the consensus around Dr Okonjo-Iweala and threw its support behind Trade Minister Yoo Myung-hee of the Republic of Korea. But following Ms Yoo’s decision on 5 February to withdraw her candidacy, the administration of newly elected US President Joseph R. Biden Jr. dropped the US objection and announced instead that Washington extends its “strong support” to the candidacy of Dr Okonjo-Iweala.

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