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)

Companies fostering creativity grows more than less creative counterparts: Study Oct 20, 1:41 pm
Washington, Oct 20 (ANI): A new research from Forrester has revealed that companies that encourage creativity accomplish exceptional revenue growth than other peers.
Full Story
Govt.'s decision to deregulate prices of diesel draws mixed response Oct 18, 9:49 pm
Kolkata/ Bhopal, Oct.18 (ANI): The government's decision to deregulate the prices of diesel drew mixed response from people across the country on Saturday.
Full Story
Govt. to re-launch Direct Benefit Transfer scheme Oct 18, 9:40 pm
New Delhi, Oct.18 (ANI): The Central Government has also decided to re-launch the Direct Benefit Transfer scheme started by the UPA regime.
Full Story
Govt. deregulates prices of diesel Oct 18, 8:38 pm
New Delhi, Oct.18 (ANI): The prices of diesel in the country stands reduced effective from midnight following the decision taken by the Cabinet Committee on Economic Affairs (CCEA) on Saturday to deregulate the prices of diesel.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY