None of us, including “A Bank Insider” know what happened in the executive session. None of us know for a fact that ‘only the African directors [spoke] for Ngozi’. Continue reading
Monthly Archives: April 2012
Russia backs Kim
Yesterday Russia joined the US, Canada, Mexico, Korea, and Japan in saying they will back Kim. They have only 1.7 per cent of the votes at the Bank, but they do have one of the 25 board seats. And they’re the first BRICS country to come out for him. Perhaps tellingly, their statement didn’t explain why they preferred Kim to his more experienced challenger, Okonjo-Iweala. I expect this is the route those backing Kim for (misguided) geopolitical considerations will go. Praise Kim, don’t mention the alternative, or how they decided his merits were better than Okonjo-Iweala’s. We shall see soon enough.
Ngozi Okonjo-Iweala will be on CNN’s GPS this Sunday
Ngozi Okonjo-Iweala will be on CNN’s GPS with Fareed Zakaria this Sunday at 10am and 1pm EST. Here’s an excerpt of what she had to say: Continue reading
No merit based discussion took place
Sources tell me that despite the fact that the board met today for what was planned to be a discussion on the merits of the two remaining candidates, Jim Yong Kim and Ngozi Okonjo-Iweala, no such discussion took place, with only the African directors speaking for Ngozi. Ocampo hit the bull’s eye when he said in his withdrawal statement “… as we approach the final phase of this process, it is clear that it is becoming no longer a competition on the merits of the candidates but a political exercise.”
So the Obama who told the American people 4 years ago “yes we can”, is now telling the rest of the world “no, you really cant”. He may talk the talk, but he sure does not walk the walk.
Ocampo confirms he is retiring to support Ngozi
Ocampo released a communiqué confirming that in order “to facilitate the desired unity of the emerging and developing economies around a candidate” he is retiring from the race to support the Minister Ngozi Okonjo-Iweala, “to whom I wish the best of luck in this final stage”.
He expressed Continue reading