Arab Today, arab today emerging nations could lose interest in global finance
Last Updated : GMT 07:58:19
Arab Today, arab today
Arab Today, arab today

Emerging nations could lose interest in global finance

Arab Today, arab today

Arab Today, arab today Emerging nations could lose interest in global finance

New York - Arabstoday

The balance of power in the world has shifted and emerging market countries are contributing more and more to global growth - more than 50pc - and they need to be given a voice in running things,\" Ms Okonjo-Iweala told Reuters. \"If you don’t, they will lose interest.\" Ms Okonjo-Iweala, who was nominated by South Africa, Angola and Nigeria, is one of three candidates vying to replace Robert Zoellick, the American who steps down in June. The White House picked public health expert Jim Yong Kim as the US candidate on Friday, a surprise choice for some given he is not an economist. And after the deadline for candidates officially closed last Friday, Brazil threw its weight behind Jose Antonio Ocampo, a former Colombian finance minister. The US has held the presidency of the World Bank since the institution was created alongside the International Monetary Fund (IMF) after World War Two in an unwritten convention that has seen Europe keep a grip on the top job at the IMF. China said on Monday that the \"voice of developing countries\" should be heard in the race. As the US remains the World Bank’s largest shareholder, Dr Kim, who is currently head of Dartmouth College, a prestigious university on the US east coast, is favourite to succeed Mr Zoellick as the top of an institution founded to combat global poverty. However, in coming less than a year after former French finance minister Christine Lagarde took the helm at the IMF, the call for the US to relinquish its hold on the World Bank presidency may intensify. Analysts say that Ms Okonjo-Iweala’s background as an economist and familiarity with the World Bank, where she worked as a managing director, do strengthen her hand. \"I don’t have a learning curve because I know how the institution works and I know what needs to be done to make it work better and faster for developing countries,\" she said. This year is the first time the succession at the World Bank has been contested and may provide a fresh opportunity for the organisation to redefine its purpose in an era in which emerging countries are growing in economic muscle. The World Bank’s executive board, which will need to approve the candidate, has said it plans to make an appointment before it and the IMF hold their semi-annual meetings in Washington DC on April 21.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today emerging nations could lose interest in global finance Arab Today, arab today emerging nations could lose interest in global finance

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today emerging nations could lose interest in global finance Arab Today, arab today emerging nations could lose interest in global finance

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday