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Controls On Vaccine Exports 'hold Back' Pandemic Recovery, Warns Incoming WTO He - Health - Nairaland

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Controls On Vaccine Exports 'hold Back' Pandemic Recovery, Warns Incoming WTO He by premkumer262: 2:26am On Mar 02, 2021
The incoming head of the World Trade Organization says getting countries to drop export restrictions on vaccines and medical supplies needed to fight the coronavirus pandemic will be one of her top priorities.
Nigerian economist Ngozi Okonjo-Iweala is set to become the WTO's director-general on March 1. She's the first woman and first African to lead the group that governs trade rules between countries.
The pandemic has had a profound impact on global trade, which "dropped precipitously in 2020," Okonjo-Iweala tells NPR's Michel Martin on All Things Considered.
Overall, the global economy contracted by 4.3% in 2020, according to the World Bank. The International Monetary Fund predicts the global economy will grow by 5.5% in 2021. But variants of the coronavirus and vaccine rollout complications make those forecasts uncertain.
"Until we solve the public health issues of the pandemic, we can't really get the economic issues settled," Okonjo-Iweala says.
Okonjo-Iweala talked with NPR about the WTO's role in improving access to vaccines, areas where she feels the WTO needs reform and being the first woman to head the organization. Here are excerpts of the interview, edited for clarity and length.

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