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)

Apple now worth 700 billion dollars after stocks hit all-time high Nov 26, 4:40 pm
Washington, Nov 26 (ANI): Apple is now worth a whopping 700 billion dollars after its stocks reached an all-time high on Tuesday.
Full Story
Emirates introduces special fares from India Nov 26, 2:08 pm
Thiruvananthapuram, Nov.26 (ANI):Emirates has announced a limited period sale starting from November 25 to December 4, 2014.
Full Story
Blackberry to offer 550 dollars to people who switch from iPhone to Passport model in U.S., Canada Nov 26, 1:54 pm
London, Nov 26 (ANI): Blackberry will be offering up to 550 dollars to customers who would switch to its latest Passport model from iphones as the company fights to regains its lost glory.
Full Story
NEC India deploys advanced face recognition security solution at Aero City's Lemon Tree Hotel Nov 26, 1:33 pm
New Delhi, Nov.26 (ANI): NEC India Pvt. Ltd., a leading network and IT solution provider, along with NEC Corporation, completed the deployment of a high performance Face Recognition Solution (FRS) at the Lemon Tree Premier Hotel in the Delhi Airport complex recently.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY