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)

Japanese firms expand their base in Asia Jul 29, 2:29 pm
Tokyo, July 29 (ANI): Three students from Vietnam, who are undergoing an internship at JFE Engineering Corporation in Tokyo, collect garbage and deliver it to the biomass power station.
Full Story
Women's club holds candlelight vigil demanding justice for Bangalore sexual assault victim Jul 26, 2:31 pm
Bangalore, July 26 (ANI): A women's club held a candlelight march in Bangalore demanding justice for the six-year-old girl student who was sexually assaulted within a school's premises.
Full Story
Biocon reports marginal revenue for first quarter of fiscal 2014-15 Jul 26, 2:31 pm
Bangalore, July 26 (ANI): Biotechnology major Biocon Ltd has reported revenue of nearly 3.5 percent and a net profit of only 10 percent for the fiscal 2014-2015.
Full Story
India refuses to ratify trade facilitation pact at WTO until its food security concerns are addressed Jul 26, 11:01 am
Geneva, July 26 (ANI): India's Ambassador to the World Trade Organisation (WTO), Anjali Prasad, has said that New Delhi will not be pressured into accepting easier customs rules from developed countries till its food subsidy concerns are addressed.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY