{"id":9208,"date":"2012-03-23T03:24:35","date_gmt":"2012-03-23T01:24:35","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-african-finmins-back-nigerian-for-world-bank-job\/"},"modified":"2012-03-23T03:24:35","modified_gmt":"2012-03-23T01:24:35","slug":"update-1-african-finmins-back-nigerian-for-world-bank-job","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-african-finmins-back-nigerian-for-world-bank-job\/","title":{"rendered":"UPDATE 1-African finmins back Nigerian for World Bank job"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Releads with sources)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 22<\/span> (Reuters) &#8211; South Africa has called a<br \/>\nnews conference for Friday to announce an African candidate for<br \/>\nthe World Bank presidency, widely expected to be Nigerian<br \/>\nFinance Minister Ngozi Okonjo-Iweala, sources familiar with the<br \/>\ndiscussions said on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa chairs one of the three African seats on the<br \/>\n25-member World Bank board, and Okonjo-Iweala&#8217;s candidacy was<br \/>\nbeing proposed after consultations between South African<br \/>\nPresident Jacob Zuma and Nigerian President Goodluck Jonathan,<br \/>\nthe sources said.<\/p>\n<p><span><\/span><\/p>\n<p>A statement from South Africa&#8217;s Treasury said the Finance<br \/>\nMinisters of Angola, Nigeria and South Africa would hold a news<br \/>\nconference in Pretoria on Friday, although it did not disclose<br \/>\ndetails of the agenda.<\/p>\n<p><span><\/span><\/p>\n<p>Okonjo-Iweala and former Colombian Finance Minister Jose<br \/>\nAntonio Ocampo are set to make the first concerted challenge to<br \/>\nthe U.S. grip on the top job at the World Bank, sources told<br \/>\nReuters this week.<\/p>\n<p><span><\/span><\/p>\n<p>Brazil said this week that both Okonjo-Iweala and Ocampo<br \/>\nwould be &#8220;great&#8221; candidates to replace Robert Zoellick as head<br \/>\nof the Washington-based development institution, the latest sign<br \/>\nof emerging nations wanting more say in how it is run.<\/p>\n<p><span><\/span><\/p>\n<p>Washington has held the presidency since the bank&#8217;s founding<br \/>\nafter World War Two, while a European has always led its sister<br \/>\norganization, the International Monetary Fund.<\/p>\n<p><span><\/span><\/p>\n<p>Despite the push by emerging nations, the United States has<br \/>\nthe bank&#8217;s largest voting share and is expected to win the<br \/>\nsupport of most developed nations, making it likely that another<br \/>\nAmerican will succeed Zoellick.<\/p>\n<p><span><\/span><\/p>\n<p>The United States has yet to identify a nominee.\t<\/p>\n<p> (Reporting by Lesley Wroughton and Stella Mapenzauswa; Editing<br \/>\nby Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Releads with sources) JOHANNESBURG, March 22 (Reuters) &#8211; South Africa has called a news conference for Friday to announce an African candidate for the World Bank presidency, widely expected to be Nigerian Finance Minister Ngozi Okonjo-Iweala, sources familiar with the discussions said on Thursday. South Africa chairs one of the three African seats on the [&hellip;]<\/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-9208","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\/9208","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=9208"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9208\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}