WTO to name first female Managing Director

Syed Umarullah HussainiWeb Editor

09th Oct, 2020. 10:06 am

For the first time in history, a female will hold the seat of the Managing Director (MD) in the World Trade Organization (WTO ) as the shortlisted candidates narrowed to only two.

According to the details, the final two are South Korean trade minister Yoo Myung-hee and Nigeria’s former finance minister Ngozi Okonjo-Iweala.

Whoever gets elected, but it will be the first time the job at WTO has been taken by a woman.

Both the candidates have political and international experience and both were students at American universities.

Yoo Myung-hee Profile

Yoo Myung-hee is the current Minister for Trade of South Korea. She is the first woman to hold the position.

Yoo is considered a veteran in Korean trade circles. Over the past 25 years, Yoo has worked in various government agencies since she passed the Korean state civil servant exam in 1991. She has been involved in some of South Korea’s key trade negotiations in that period, including China and the US.

She makes a point of her “deep knowledge and insight into the details of various areas of trade agreements”.

Ngozi Okonjo-Iweala Profile

Ngozi Okonjo-Iweala (born 13 June 1954) is a Nigerian-born economist and international development, expert. She sits on the Boards of Standard Chartered Bank, Twitter, Global Alliance for Vaccines and Immunization (GAVI), and the African Risk Capacity (ARC).

Previously, Okonjo-Iweala spent a 25-year career at the World Bank as a development economist, scaling the ranks to the Number 2 position of Managing Director, Operations (2007–2011).

She also served two terms as Finance Minister of Nigeria (2003–2006, 2011–2015) under the leadership of President Olusegun Obasanjo and President Goodluck Jonathan respectively.

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