Colombia's Antonio Ocampo ends World Bank chief bid

   Apr 14, 10:22 am

London, Apr 14 (ANI): Former Colombian finance minister Jose Antonio Ocampo has announced he is withdrawing his attempt to become president of the World Bank.

His withdrawal leaves just two candidates for the post, Nigeria's Ngozi Okonjo-Iweala and Korean-American Jim Yong Kim.

Ocampo said he would now support Okonjo-Iweala 'to facilitate the desired unity of the emerging and developing economies around one candidate,' The BBC reports.

The report quoted him as saying that the race 'is clear that this is not based on the merits of the candidates but is a political exercise.'

According to the report, Ocampo's comments referred to the likelihood that an American would be chosen given the US has the most votes at the Bank.

The World Bank is likely to name its new president on Monday.

The successful candidate will replace Robert Zoellick who has been in the role since 2007. (ANI)

Gold demand falls as price slips from 21-month high on global cues Feb 13, 5:59 pm
New Delhi, Feb 13 (ANI): Prices of gold witnessed a 21-month high by plunging Rs. 600 to Rs. 29,050 per ten grams at the bullion market today on weak cues from overseas markets amid fall in demand from jewellers at existing levels.
Full Story
Cinepolis strengthens foothold with new multiplex in Chandigarh Feb 13, 4:43 pm
New Delhi, Feb 13 (ANI): India's 1st international exhibitor Cinepolis is all set to offer an unmatched experience of movie-watching for cinema lovers in Chandigarh. The world's fourth largest multiplex has enhanced its presence in Chandigarh with the launch of a state-of-the-art property in TDI Mall.
Full Story
Air India Express to start flights to Ras al-Khaimah International Airport Feb 13, 4:24 pm
Ras al Khaimah, Feb.13 (ANI): Ras al-Khaimah International Airport has announced that Air India Express, India's leading low cost carrier, will start flights to the northern UAE emirate from March this year.
Full Story
Comments