English | دری

Colombia’s Jose Antonio Ocampo exits World Bank race

in Afghan Business

Colombia’s Jose Antonio Ocampo exits World Bank race

Colombia’s Jose Antonio Ocampo has pulled out of the race to be the next president of the World Bank.

“It is clear that this is not based on the merits of the candidates but is a political exercise,” he said.

His comments referred to the likelihood that an American would be chosen given the US has the most votes at the Bank.

His withdrawal leaves just two candidates – Nigeria’s Ngozi Okonjo-Iweala and Korean-American Jim Yong Kim, who is the favourite for the job.

Mr Ocampo, who is a professor at Columbia University, also said he was at a disadvantage given the lack of support from his own government.

He said he would now support Mrs Okonjo-Iweala “to facilitate the desired unity of the emerging and developing economies around one candidate”.

Mrs Okonjo-Iweala thanked Mr Ocampo for his “unselfish decision” to withdraw.

The World Bank is expected to name its new president on Monday. The successful candidate will replace Robert Zoellick who has been in the role since 2007.

The US has always held the top job at the World Bank while a European has always led its sister organisation, the International Monetary Fund (IMF).

Source: BBC



Related Articles

IDP families in Balkh find access to potable water

Following the completion of construction of a 1.4 km pipe network and a deep well, 100 internally displaced people (IDP)

Afghan Public Works Ministry signs 8 road construction contracts

Public Work Ministry has signed 8 contracts on road construction projects in 4 provinces. Deputy Minister Mohammad Akbar Barekzai said

Denmark pledged USD 300 million to Afghanistan Ministry of Education

Minister of Education Ghulam Farooq Wardak inked a USD 300mn contract with Denmark on Wednesday. “A major portion of the

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.