Friday, March 23, 2012

Obama struggles to keep America's grip on World Bank | Business | The Guardian

Obama struggles to keep America's grip on World Bank | Business | The Guardian: Barack Obama is scrambling to find a heavyweight US candidate to stand for the job of president of the World Bank, with the deadline for nominations looming.

Two credible developing country candidates РNgozi Okonjo-Iweala, the Nigerian finance minister, and Jos̩ Antonio Ocampo, the Colombian former finance minister and development economist Рhave already joined the race, together with the American economist Jeffrey Sachs, who has the backing of several developing countries.

The calibre of the field means the US won't be able to stitch up the job, as is traditional, by handing it to a faceless White House bureaucrat or a favoured presidential lieutenant.

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