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)

Govt. working to bring economy back on track: BJP Nov 23, 4:07 pm
New Delhi, Nov. 23 (ANI): The Bharatiya Janata Party on Sunday said Prime Minister Narendra Modi-led government and Finance Minister Jaitley were constantly working to bring back the economy on track, strengthen it and make the country attractive for investments.
Full Story
'Congress had damaged national economy': Jaitley Nov 23, 4:07 pm
New Delhi, Nov. 23 (ANI): Finance Minister Arun Jaitley alleged that the Congress had damaged the national economy while in power and wants to pursue the same destructive direction while in opposition.
Full Story
Court approves Apple's 450 million ebook case settlement Nov 23, 11:59 am
Washington, Nov 23 (ANI): A federal judge has approved Apple's 450 million ebook case settlement in a class action lawsuit over claims that the company conspired with publishers and raised the ebook prices.
Full Story
Rahul Gandhi doesn't understand meaning of investment and industry: BJP Nov 23, 11:23 am
New Delhi, Nov.23 (ANI): Reacting to Congress vice-president Rahul Gandhi's allegation of the NDA Government being pro-industrialist, the Bharatiya Janata Party (BJP) on Sunday said that the former does not understand the meaning of investment and industry.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY