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
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”
The Treasury Department has published the statement that US nominee, Jim Yong Kim, made Wednesday morning to the in camera session of the World Bank’s executive directors before a lengthy questioning and a private lunch.
CSO colleagues who have been skeptical about the process and about Jim Kim’s writings, background and commitment should read the ending Continue reading
In his turn at the presentations organised at CGD, José Antonio Ocampo expressed his view on the Bank, being quite critical of the issues in which, according to him, the institution has not performed well, like country ownership and cooperation with other international organisations. He also expressed the need to change the culture of the Bank in order for it to become a clients-based organisation, and criticised the US for not increasing capital or allowing other countries to do so.
On country ownership he said: Continue reading
Below is a guest post by María José Romero of the Latin American network of NGOs Latindadd, with its secretariat in Lima, Peru.
In a letter sent on April 5 to World Bank Executive Directors representing Latin American countries, Latin American NGOs Fundar, DAR and Latindadd asked about the criteria for the selection of the new President of the institution. José Antonio Ocampo, the Colombian candidate to lead the World Bank has already met 18 of the 25 Bank’s Executive Directors and on Tuesday 10 April (today) the Board of Executive Directors as a whole will interview him.
In an ideal world each and every Latin American country should support Ocampo’s candidacy. As Kevin Gallagher says, “if the decision is finally based on merit, as it should be, Ocampo will win: he is far and away better than any on the list of credible names, including President Barack Obama’s nominee, Jim Yong Kim.” Continue reading
The great and the good are weighing into the World Bank President debate – in addition to the senior Bank staffers coming out in support of Okonjo-Iweala, over one hundred well respected economists have come out for Ocampo. Here’s what they had to say:
We the undersigned economists, endorse the candidacy of Jose Antonio Ocampo for President of the World Bank. Throughout his career Dr. Ocampo has managed and reformed national ministries of finance, agriculture and planning, and regional and global UN Agencies pertaining to economic development and social affairs. Furthermore, he is one of the most noted development economists of our time. It is our view that based his relative merits, Dr. Ocampo is the most suitable candidate for World Bank president.
Signatories (as at 1130 GMT 5th April- more are being added all the time) Continue reading