Data provided by McGregor BFA
All data is delayed
Loading...
See More

African leaders likely to name their man

Mar 23 2012 09:34 Reuters

Related Articles

Africa punts Nigerian for World Bank job

World Bank top job 'should be open to all'

Brics all talk?

World Bank's Zoellick to step down

US yet to reveal World Bank choice

 

Johannesburg - The finance ministers of South Africa, Nigeria and Angola called a news conference for Friday likely to address reports that they are backing Nigerian Finance Minister Ngozi Okonjo-Iweala to become president of the World Bank.

"The finance ministers of Angola, Nigeria and South Africa are meeting in Pretoria tomorrow," a statement from South Africa's Treasury said, without giving details of the agenda.

Okonjo-Iweala and former Colombian finance minister Jose Antonio Ocampo are set to make the first concerted challenge to the US grip on the top job at the World Bank, sources told Reuters this week.

Brazil said this week that both Okonjo-Iweala and Ocampo would be "great" candidates to replace Robert Zoellick as head of the Washington-based development institution, the latest sign of emerging nations wanting more say in how it is run.

Washington has held the presidency since the bank's founding after World War Two, while a European has always led its sister organisation, the International Monetary Fund.

Despite the push by emerging nations, the United States has the bank's largest voting share and is expected to win the support of most developed nations, making it likely that another American will succeed Zoellick.

The United States has yet to identify a nominee.

 
world bank  |  robert zoellick
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Numsa prepares for life after Cosatu

Numsa has not only reiterated its call for President Jacob Zuma to resign but it is also preparing for life outside of Cosatu, a report states.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...