Brazil backs Nigerian to World Bank presidency

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16-04-2012 | 12:02
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Brazil backs Nigerian to World Bank presidency
Brazil will support Nigerian Finance Minister Ngozi Okonjo-Iweala to be the new head of the World Bank, Brazilian Finance Minister Guido Mantega said on Monday.   

Okonjo-Iweala is the sole candidate from developing nations in a race against U.S. nominee Jim Yong Kim, a Korean-American health expert who appears almost certain to secure the post.   

Former Colombian finance minister Jose Antonio Ocampo quit the race on Friday to support Okonjo-Iweala. A decision by the World Bank's board to pick a candidate is expected later on Monday.    

Reuters

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