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Developing nations to name two candidates for World Bank

By Lesley Wroughton / Reuters WASHINGTON: Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday. The candidacies of Okonjo-Iweala and Ocampo, who have credentials as both economists and diplomats …


Race picks up to head World Bank

By Veronica Smith / AFP WASHINGTON: The race to succeed World Bank president Robert Zoellick is heating up with the emergence of the first declared candidate, another American. Renowned economist Jeffrey Sachs, who led the UN committee on the Millennium Development Goals, threw his hat in the ring Friday in a Washington Post op-ed piece, saying …


Who should lead the World Bank?

By Devesh Kapur and Arvind Subramanian WASHINGTON, DC: Robert Zoellick will depart in June as President of the World Bank, once again raising the thorny issue of leadership of the Bretton Woods twins (the Bank and the International Monetary Fund). At their birth, John Maynard Keynes memorably warned that if these institutions did not get good …


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