Developing countries have described US President Barack Obama’s nomination of health policy expert Jim Yong Kim for president of the World Bank as a smart choice but renewed their criticism of Washington’s monopoly on the job.
For the first time two developing country candidates – Ngozi Okonjo-Iweala, Nigerian finance minister, and José Antonio Ocampo, Colombia’s former finance minister, will also contest the position.
Under an unwritten convention, the US selects the head of the World Bank while Europe appoints the leader of the International Monetary Fund.
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