News
Courtesy of Africa Post
After years of battling corruption in Nigeria's Finance Ministry, Ngozi Okonjo-Iweala, who has been nominated for the World Bank presidency against College President Jim Yong Kim, was interviewed by the Bank's board on Monday in an effort to determine the most qualified candidate for the position.
Vying for a position that has traditionally gone to Americans, Okonjo-Iweala's "considerable experience" in banking and dealing first-hand with developing countries puts her in a position to challenge Kim's advantage, according to economics professor Marjorie Rose.
"Her two stints as Nigeria's Minister of Finance also demonstrate that she understands how to successfully balance the financial and economic challenges of a developing country," Rose said.
However, Uri Dadush, former World Bank director of international trade, expects the executive directors of the Bank to vote according to instructions from their governments, he said in an interview with The Dartmouth.
"While I would like to think this is going to be an open, transparent, competitive process based on qualifications, I believe in practice there is going to be a lot of political pressure exercised behind the scenes and that countries will vote due to considerations from political alliances," Dadush said.