UNILAG AD
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, August 16, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad

Financial Times says Okonjo-Iweala is best candidate for World Bank presidency

March 29, 2012
Reading Time: 2 mins read
5

As the battle for the presidency of the World Bank toughens, finance experts are gravitating towards the candidacy of Nigeria’s Ngozi Okonjo-Iweala, who recently described herself as the candidate of choice for the developing world.

London’s Financial Times, in a flowery review of Mrs. Okonjo-Iweala, pronounced her “the best person for the role”.

“If the Bank’s shareholders wanted the best president, they would opt for Ms Okonjo-Iweala,” the international business newspaper said in its Tuesday’s editorial piece.

FT’s broad argument in favour of Mrs. Okonjo-Iweala, who currently serves as Nigeria’s Finance Minister, harps in on several factors which they consider as her strengths over her major contender, Jim Yong Kim, who has been handpicked by the US government as their candidate of choice.

While on previous occasions, America’s endorsement implied an automatic appointment into the coveted position based on an arrangement that assigns the World Bank presidency to the US and the position of the Managing Director of the International Monetary Fund (IMF) to Europe, recent agitation especially from developing countries, the main focus of the World Bank, has put the US in an uncomfortable position.

Questions and arguments have emerged over the validity of imposing candidates from the developed world to tackle issues in the World Bank which mainly concern the development of the so called Third World.

FT raises arguments in this regard and chides President Barack Obama for not taking this current dissatisfaction from developing countries into consideration.

The newspaper said that Mr. Obama’s choice, albeit with impeccable records, did not quite meet up with the requirements for the position.

“But the Bank needs more than this. Its new leader should have a command of macroeconomics, the respect of leaders of both the funding and the funded countries, and the management skills to implement his or her vision. These requirements make Ms Okonjo-Iweala the best person for the role.

TEXEM Advert

“Ms Okonjo-Iweala has real-world experience of policy-making in one of the most challenging developing countries. Her experience in tackling corruption would be helpful in the battle against the misuse of Bank funds,” the newspaper argues.

FT also seemed to corroborate  Mrs.Okonjo-Iweala’s claims that she has the support of developing countries, describing this advantage as the “more symbolic aspect” of her candidature.

“Ms Okonjo-Iweala’s merits are amplified by another, more symbolic aspect. Having an African woman at the helm of the world’s leading development institution would send a strong signal both to developing and developed countries.”

Interviews for the three candidates for the World Bank Presidency have been fixed for the 4th, 9th and 11th April.

The decision on the winner is expected to be announced on the 11th.

If selected, Mrs. Okonjo-Iweala would be the first non-American to head the organization.

  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • WhatsApp
  • Share on Tumblr
  • Pocket


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

Breaking News: SSS arrests kidnappers of foreign businessman

Next Post

Perm sec, 5 others jailed over N32b police pension fraud

More News

Nigerian stocks

Nigerian stocks scrape fragile rally as turnover drops

August 16, 2022
electricity lines

Nigeria electricity workers hold protest, set for strike

August 16, 2022
Naira and Dollar notes

Naira falls at official market

August 15, 2022
Floor of the Nigerian Stock Exchange

Nigerian stocks fall for third straight day as inflation soars to 17-year high

August 15, 2022
Abuzar Royesh, Olamide Oladeji and Izunna Okonkwo

Nigerian digital bookkeeping platform, Pastel, raises $5.5 million in seed round

August 15, 2022
National Bureau of Statistics (NBS)

UPDATED: Nigeria’s inflation hits 17-year high amid soaring food prices

August 15, 2022
Read All Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2022 The Premium Times, Nigeria