World Bank confirms Okonjo-Iweala, Yong Kim, Ocampo as nominees for President

The Board of Executive Directors of the World Bank has announced only three persons have been nominated for the position of the next President of the Bank.

They are “Ngozi Okonjo-Iweala, a Nigerian national and Coordinating Minister of the Economy and Minister of Finance, Nigeria; Jim Yong Kim, a US national and President of Dartmouth College, New Hampshire and José Antonio Ocampo, a Colombian national and Professor at Columbia University, New York,” the Bank confirmed in a statement March 23, 2012 after closing nominations.

The statement said the Executive Directors will conduct formal interviews of the three candidates in Washington, D.C. during the following weeks.

It expects selection of the new President “by consensus” by the 2012 Spring Meetings with the International Monetary Fund that begin on April 20.

One of the three candidates will succeed outgoing president Robert Zoellick.

By Ekow Quandzie