{"id":8355,"date":"2012-02-26T14:36:39","date_gmt":"2012-02-26T12:36:39","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-brics-to-look-at-bid-for-top-world-bank-job\/"},"modified":"2012-02-26T14:36:39","modified_gmt":"2012-02-26T12:36:39","slug":"update-1-brics-to-look-at-bid-for-top-world-bank-job","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-brics-to-look-at-bid-for-top-world-bank-job\/","title":{"rendered":"UPDATE 1-BRICS to look at bid for top World Bank job"},"content":{"rendered":"

\t\t<\/span><\/p>\n

(Adds quotes, details)<\/span><\/p>\n

<\/span><\/p>\n

By Lesley Wroughton<\/p>\n

<\/span><\/p>\n

MEXICO CITY<\/span> Feb 25 (Reuters) – The world’s major
\nemerging economies on Saturday rejected the tradition that an
\nAmerican automatically is selected to head the World Bank and
\nthey will look at putting forward their own candidate for the
\nopen job.<\/p>\n

<\/span><\/p>\n

Finance chiefs from the BRICS group of emerging market
\npowerhouses – Brazil, Russia, India, China and South Africa –
\nmet on the sidelines of a G20 meeting in Mexico City and agreed
\nthe top World Bank job should be open to all countries.<\/p>\n

<\/span><\/p>\n

“Candidates should be based on merit and not on
\nnationality,” Brazilian Finance Minister Guido Mantega told
\nreporters.<\/p>\n

<\/span><\/p>\n

Another BRICS official said the group will discuss the
\npossibility of putting up their own candidate to challenge
\nwhoever the U.S. government nominates. “Certainly it is a
\ndiscussion we will have.”<\/p>\n

<\/span><\/p>\n

Countries have until March 23 to submit names for the top
\npost and a decision is likely by April meetings of the World
\nBank and International Monetary Fund.<\/p>\n

<\/span><\/p>\n

Americans have held the top job since the World Bank was set
\nup at the end of the Second World War but the unwritten rule has
\nin recent years faced more resistance, along with the tradition
\nthat a European heads the International Monetary Fund, as
\nemerging economies gain more economic clout.<\/p>\n

<\/span><\/p>\n

“It is time we break the traditions of the U.S. and Europe
\nsharing the two seats and amongst all of us we must try harder
\nthis time to find some consensus,” said Pravin Gordhan, South
\nAfrica’s finance minister.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

(Adds quotes, details) By Lesley Wroughton MEXICO CITY Feb 25 (Reuters) – The world’s major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job. Finance chiefs from the BRICS group of emerging […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8355","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8355"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8355\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}