Southern countries step up for the fight: Okonjo-Iweala and Ocampo to be nominated….

… according to a Reuters report:

Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday.

It goes on:

Emerging and developing economies have long talked up their desire to break U.S. and European dominance of the Bretton Woods Institutions, but have until now have failed to build a coalition large enough to change the status quo.

Three sources said Ocampo, currently a professor at Columbia University in New York, would be formally nominated by Brazil.

One source said Okonjo-Iweala could be nominated on Wednesday, while two other sources said it would be Friday.

Both are heavyweight candidates with strong experience in developing countries – something the putative list of US nominees conspicuously lack.  In fact, the more you think about it, the more lightweight that list begins to look…

10 thoughts on “Southern countries step up for the fight: Okonjo-Iweala and Ocampo to be nominated….

  1. Disqualify Ngozi

    Since Ngozi is a Governor of the World Bank, she should not be allowed to be nominated as per the Articles of Agreement of the World Bank.

    What sort of people work in the Nigerian and South African Finance Ministries that they don’t even know that a Governor cannot be nominated as World Bank President unless she/he resigns as Finance Minister first.

    • Frank: The Articles indicate that a Governor cannot be selected as President, but is silent on whether a Governor could be nominated. Presumably Ms Okonjo-Iweala would have the opportunity to resign as Governor prior to Executive Directors making a final selection, should she emerge as the preferred candidate.

  2. Ngozi is ,without the doubt, the best person for this job, hands down. Obama should back her nomination and make history in the process.

  3. Ngozi is sure the best person for the job. She has the expertise and experience. It is time President Obama looked the way of the developing world.

  4. I don’t know if you have ever worked with Ngozi, ‘just me’, but there are many management-related weaknesses that make Ngozi a bad choice for World Bank president. She is doing a great job as Economic Coordinating Minister in Nigeria and she’s needed in Abuja, for the second time, where her contribution to development in turning what should be a rich and prosperous country will be far greater than it would be wrangling executive directors and appointing her buddies at the World Bank.

  5. you can not just throw out accusation about her management without actually giving examples …. that is no voice of reason.

  6. Pingback: What makes Jose Antonio Ocampo a good candidate for President of the World Bank | World Bank President

  7. Pingback: What makes Jose Antonio Ocampo a good candidate for President of the World Bank » TripleCrisis

  8. For whatever it is worth and without meaning to take away any merits from other candidates, like Jose Antonio Ocampo, when I was an Executive Director of the World Bank, 2002-2004, I had the chance to see Ngozi Okonjo-Iweala act as vice-president and corporate secretary in the World Bank, and I must say that I am sure she would be a great president of it, in these times fraught with so many difficulties…

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