Who came up on top?

I’m already hearing from sources who attended the three interviews over the last three days that Ngozi has come up as the top candidate, followed closely by Ocampo, with Dr. Kim a distant third. Three things have worked for Ngozi to push her over Ocampo, she knows the bank inside-out,  has experience on both sides of the table – a client and world banker-, and that she is an African woman supported by the whole African Union. This, if selected, will make her not only the first non-American to head the bank, but also the first woman, and first African. In the words of the Economist, “May the best woman win”

Ocampo takes shots at the US and the staff of the World Bank


In today’s event at CGD, Jose Antonio Ocampo said “The current president was too shy in asking for a capital increase,”… “The United States “says it cannot get the money through Congress, but it does not want to lose shares in the (Bank’s) capital. So that means we’re stuck with a World Bank which is constrained by its major shareholder.” Adding “At one point, sooner rather than later, the Bank will have to negotiate a capital increase.”
He also went on to speak about what he will change Continue reading

“the World Bank is not a health charity”

A very convincing argument in support of Ngozi Okonjo-Iweala as President of the World Bank, at least me-thinks, by Maha Atal in Forbes Magazine;

“By far the most important reason to appoint Okonjo-Iweala is that she has experience on both sides of the table in the international lending negotiations that are the bread and butter of the Bank’s work. Continue reading