Monday, April 16, 2012

Okonjo Iweala Loses World Bank Presidency To U.S. Candidate, Says Selection Was Not Based On Merit

Eww! While I have mixed feelings about this, I think she deserves the win more than Dr. Kim, judging her antecedent and that of the Dr's.. Check more twitter *extracts after thejump plus more on the story..
The World Bank has officially backed U.S. candidate, Jim Yong Kim as the next World Bank President, Reports the New York Times. Dr. Kim, 52 will take over from former World Bank President, Robert Zoellick.

Many Africans were hoping that current Nigerian Finance Minister and former World Bank Managing Director, Dr. Ngozi Okonjo Iweala would clinch the top post. In what seemed to be her conceding defeat earlier today, she had reportedly commented today at the Nicon Luxury Hotel in Abuja, at the presentation of the 2012 budget, that the selection of a World Bank president was not based on merit.

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