… 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…