President Jair Bolsonaro Monday acknowledged Brazil's role amid increasing global food insecurity as he met with the World Trade Organization (WTO) Director-General of Ngozi Okonjo-Iweala of Nigeria in Brasilia.
World Trade Organization Director-General Ngozi Okonjo-Iweala urged delegation heads to redouble their efforts to bridge differences on the ongoing discussions on curbing harmful fisheries subsidies by the end of February 2022. Discussions were suspended because of the Covid-19 Omicron variant
The World Trade Organization, WTO, is now predicting global merchandise trade volume growth of 10.8% in 2021—up from 8.0% forecasted in March—followed by a 4.7% rise in 2022.
Reforming the World Trade Organization’s paralyzed dispute-resolution body will be a key priority for the institution, but the process won’t be easy, incoming Director-General Ngozi Okonjo-Iweala said.
The World Trade Organization, WTO, chief said that UK and other wealthy nations should send Covid-19 vaccines to poorer countries now rather than waiting for the surplus.
Jim Yong Kim, the US nominee to head the World Bank, told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world poorest.
The US is under intense pressure to nominate a top candidate for the World Bank presidency after developing countries put forward two credible contenders of their own.