Arab Today, arab today nigerian world bank pick calls for emerging nations voice
Last Updated : GMT 12:13:45
Arab Today, arab today
Arab Today, arab today

Nigerian World Bank pick calls for emerging nations voice

Arab Today, arab today

Arab Today, arab today Nigerian World Bank pick calls for emerging nations voice

Paris - AFP

The Nigerian candidate to head the World Bank, Ngozi Okonjo-Iweala, called Tuesday for emerging nations to have a greater voice in the running of the world economy. \"The world has changed over sixty years,\" the Nigerian finance minister told France\'s daily Le Monde, saying economic governance needs to change as well. She pointed to success of the G20, which groups the world\'s top industrialised and emerging nations. \"The BRICS account for more than half of global growth. Isn\'t it time to include them in the management of the world. I think the answer is yes,\" she said. The BRICS emerging nations powerhouses -- Brazil, Russia, India, China and South Africa -- so far have no plans to unite behind a single candidate to replace Robert Zoellick, who is stepping down at the end of his term on June 30. Under a tacit agreement since the World Bank and its sister institution the International Monetary Fund were founded, the United States always selects an American as World Bank president and Europe puts a European at the IMF helm. Developing and emerging economies have been increasingly unhappy with this arrangement and have been pushing for greater representation to reflect their rising contributions to the global economy. This time Washington\'s candidate to head up the World Bank, Korean-American physician Jim Yong Kim, known for his work in World Health Organization campaigns against AIDS in Africa, faces competition from Okonjo-Iweala and Jose Antonio Ocampo of Colombia. Okonjo-Iweala is a respected former World Bank managing director and Ocampo is a former finance minister and central bank chief. Okonjo-Iweala called on nations to honour their pledges to make the selection process transparent and on merit. The World Bank has 187 member nations and focuses its activities on development loans. The Washington-based lender is expected to select its new president \"by consensus\" by its 2012 Spring meetings that begin on April 20.

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 nigerian world bank pick calls for emerging nations voice Arab Today, arab today nigerian world bank pick calls for emerging nations voice

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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