Friday, July 19, 2024

Logo Central America Link

Colombia's Ocampo in running for World Bank job

Wednesday, March 21, 2012

Nigerian finance minister Ngozi Okonjo-Iweala and former Colombian finance minister José Antonio Ocampo are set to be nominated to lead the World Bank, sources said.

Both have credentials as economists and diplomats and according to sources the respective backing of Brazil and South Africa. But their candidacies pose a challenge to the United States, whose hold on the top post has never been contested.

But with its majority of votes and the expected support of European countries, the United States is still likely to ensure that another American will succeed Robert Zoellick, who plans to step down at the end of June.

Source: Reuters