Okonjo-Iweala Fails To Win World Bank Presidency
As expected, American nominee Jim Yong Kim has been named the next President of the World Bank according to sources within the bank. Mr. Kim was nominated by United States President Barak Obama last month to replace Robert Zoellick, who has held the position since 2007.
Earlier in the day, Nigeria's Ngozi Okonjo-Iweala surprisingly admitted she did not really expect to be named to the coveted position. She told journalists, “You know this thing is not really being decided on merit…It is voting with political weight and shares, and therefore the United States will get it."
Her defeatist remarks belied the tremendous energy she had put into returning to the bank as overall boss, but she tried to put a happy spin on it. “We have won a big victory,” she said. “Who gets to run the World Bank – we have shown we can contest this thing and Africa can produce people capable of running the entire architecture."
With the distraction of the World Bank presidency contest now out of the way, Mrs. Okonjo-Iweala returns to Abuja as Nigeria's Minister of Finance and Coordinating Minister for the Economy, a position where, many Nigerians feel, she needs to earn her credibility by snatching the economy from the ruling People's Democratic Party, which is known to have ruined the entire architecture.
Latest News
-
"If You're For Me, I Am For You" - Cubana Chief P
-
"3 Days To Go" - Femi Adebayo Urges Fans To Get S
-
"Stop Asking Me Questions About Speed Darlington"
-
"Benue Is The Most Underdeveloped State I've Ever
-
Stan Alieke Urges Young Professionals To Take Lin
-
Chizzy Alichi Teases Fans With Baby Reveal, Promot
-
"I'm Not Wearing Makeup From July 4th Till Decemb
-
"Stop The Challenge Of Mocking Kids With Down Syn
-
Regina Daniels Celebrates Sons As They Mark Birthd
-
Speed Darlington Threatens To Sue NAPTIP For Defam