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)

China, Kazakhstan strike deals worth 23.6 billion dollars Mar 28, 3:24 pm
Beijing, Mar. 28 (ANI): China has expanded its economic partnership with Kazakhstan by signing 33 deals worth 23.6 billion dollars, covering distinct areas ranging from hydropower to steel.
Full Story
Honda to manufacture 6.4 million two-wheelers by 2016 Mar 27, 7:33 pm
New Delhi, Mar. 27 (ANI): Japanese multinational corporation Honda has announced plans for expansion of its third plant in Narsapura, Karnataka, in order to meet an anticipated demand of 6.4 million two-wheelers by the end of 2016.
Full Story
Hoya Group Invests in SalutarisMD Wet AMD Therapy Technology Mar 27, 3:31 pm
Tokyo, Mar. 27 (ANI): HOYA Corporation, a diversified, multinational company and leading supplier of innovative and indispensable high-tech and healthcare products, announced that it has closed an investment financing in Salutaris Medical Devices, Inc.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY