Arab Today, arab today nigerian world bank pick calls for emerging nations voice
Last Updated : GMT 08:53:10
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.

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 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

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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