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

Fire gutted a shop and warehouse in Kabul market

A fire blaze reportedly caused by an electric short circuit broke out in a market in Kabul city in Qawa-e-Markaz

District Minister conducts teacher workshop for Afghan women in his home

Paktika Province-Sar Howzah District Minister of Education (DMoE), Mohammed Iqbal, organized and conducted a teacher workshop for 10 women in

Germany completes 29 projects in Baghlan province

Germany handed over 29 newly completed projects to the local government in Baghlan province that it built as part of

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Your e-mail address will not be published.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.