Ocampo ends World Bank bid, backs Nigerian

Apr 12 2014

The World Bank presidential nominee Jose Antonio Ocampo of Colombia is seen during a meeting with Brazil's Finance Minister Guido Mantega at the Ministry of Finance in BrasiliaWASHINGTON/BRASILIA (Reuters) – Former Colombian finance minister Jose Antonio Ocampo ended his bid to become World Bank president on Friday, leaving two candidates in an unprecedented challenge to U.S. control of the global development institution. With the board of the World Bank to meet on Monday to pick a new president, Ocampo said he hoped emerging-market nations would rally behind Nigerian Finance Minister Ngozi Okonjo-Iweala in a race that he said had turned highly political. …

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    Originally posted 2012-04-14 22:29:00. Republished by Blog Post Promoter

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