Ngozi Okonjo-Iweala (WTO): “More inequalities, development banks help reduce gaps”

“The pandemic has exacerbated poverty and inequalities. Public Development Banks must step forward to close the gaps and ensure sustainable recovery.” This was stated by the general director of the WTO, Ngozi Okonjo-Iweala, speaking at ‘Finance in Common Summit 2021’ hosted by Cdp. “As emerges from this summit, the public development banks are ready to do their part and the WTO is ready to support them,” he adds. For Okonjo-Iweala, financial institutions “must put people at the center”. Public development banks “must support SMEs” in this phase of recovery but also “support the green transition towards a low-carbon path. The future of commerce is services, digital and green”.