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Ocampo to withdraw from World Bank contest-sources

14 April 2012 By admin

WASHINGTON, April 13 (Reuters) – Former Colombian finance
minister Jose Antonio Ocampo is set to withdraw his nomination
for the World Bank presidency on Friday in an agreement among
emerging and developing countries to coalesce around one
nominee, three sources said.

The sources said a straw poll among World Bank directors
representing the Group of 11, which includes emerging countries
and Australia, backed Nigerian Finance Minister Ngozi
Okonjo-Iweala.

Ocampo was nominated by Brazil, which represents a
constituency of Latin American countries on the World Bank
board.

(Reporting By Timothy Ahmann; Editing by Chizu Nomiyama)

© Thomson Reuters 2012 All rights reserved





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Filed Under: South Africa Tagged With: news, reuters, south africa

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