Nigeria’s Ngozi Okonjo-Iweala In Race For World Bank Job

Nigeria’s current finance minister is tipped to land the job of president of the World Bank.

Ngozi, an economist, diplomat and former World Bank managing director, has the backing of some former World Bank employees.

Ngozi stands a good chance because of Nigeria’s importance in African economics and indeed world economics. Furthermore, Africa is probably the only place left with enough resources and business opportunities to revive the economy of the world.

However, Korean-born American Jim Yong Kim remains a formidable challenge. He is backed by the Americans and historically Americans tend to get the job. Colombia’s José Antonio Ocampo is the third candidate.

If Ngozi wins the top job at the World Bank it would send a strong message to the rest of the world on just how far Africa has come in terms of global decision making. Ngozi insists that the candidate for the job should be selected based on merit.

The winning candidate will be announced by July 1 2012.