Once again, the politics behind who is to become the head of the World Bank is heating up. A couple of top contenders have sprung up and Nigeria’s Finance Minister, Dr. Ngozi Okonjo-Iweala has been named as one of the top contenders.
The Center for Global Development, a Washington-based research institution, has recommended the consideration of Ngozi Okonjo-Iweala. According to my source, she stands a very good chance of becoming the next head because a lot of indices are working in her favor. According to Mr. Dadush of the Carnegie Endowment, “the best person for the job might amazingly be a non-American and non-European.”
Also on the contenders list is Susan E. Rice, the U.S. ambassador to the United Nations and a former State Department official working with African Countries. Indra K. Nooyi, the India-born chief executive of PepsiCo and Lawrence H. Summers, the former Treasury secretary and economic adviser to Obama are up for consideration.
The white house has not yet announced its nominee for the head of the 68-year-old development institution, whose president, Robert B. Zoellick, a George W. Bush appointee, will step down when his term is over at the end of June.