BREAKING: Okonjo-Iweala emerges WTO DG

Paris, FRANCE: Federal Republic of Nigeria Finance Minister, Dr Ngozi Okonjo Iweala participates to the celebration of the 50th anniversary of the Club, 14 June 2006, in the ministry of Finances in Paris. The Paris Club of the world's richest lending nations marks its golden anniversary, facing questions over its role in a new era of growing wealth in many debtor nations. AFP PHOT PIERRE VERDY (Photo credit should read PIERRE VERDY/AFP via Getty Images)
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The former Minister of Finance in Nigeria, Ngozi Okonjo-Iweala, has emerged as the new Director General of the World Trade Organization. She is the first female and first African Director-General of the WTO.


In a keenly contested election, Okonjo-Iweala beat her rival, South Korean Yoo Myung hee, with a wide margin. She polled 104 votes from 164 member countries to defeat Myung Hee at the final stage of the race.


Okonjo-Iweala received widespread support from Africa and other continents before the election which took place today October 28.


Her victory comes days after European Union member nations backed her candidacy against Ms. Myung hee, who was supported by the United States.


The official announcement is expected to be made by the WTO at 3pm Nigerian time today.


Okonjo-Iweala, 66, served as Nigeria’s first female Finance and later Foreign Affair minister, and has a 25-year career behind her as a development economist and international finance expert at the World Bank, eventually becoming its number two. She is also on Twitter’s board of directors and is a special envoy for the World Health Organization’s COVID-19 fight.


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