Ocampo drops out from World Bank bid; gives full support to Nigerian candidate

Saturday, April 14th 2012 - 06:17 UTC

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Former Colombian finance minister Jose Antonio Ocampo ended his bid to become World Bank president on Friday, leaving two candidates in an unprecedented challenge to US control of the global development institution. Read full article

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GreekYoghurt
Nigeria has the largest proven oil reserves in the whole of Africa, huge amounts of money coming in from internet and phone scams and also over 68% of the population living in abject poverty on under $1.25 a day. The finance minister overseeing this is clearly very talented.

Venezuela and Argentina have huge o/g reserves, and a huge number of people living in poverty. The daughter of the Venezuelan president waves dollars in front of her face on the internet, and the son of the Argentinian president just builds more and more hotels without any apparent source of income for these new establishments.

Birds of a feather flock together.
Apr 14th, 2012 - 06:45 am - Link - Report abuse 0
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ChrisR
@1

It is even worse than that in Nigeria. When I was at Kie-Ebo terminal in the north of the oil yielding Delta, the village nearest to our oil company residence, a very small place, had NINE churches. Apart from the prostitues who wore very nice clothes and preyed on the oil workers everybody else had rags.

No doubt they managed to secure their place in the after-life because ALL the preachers had little motorbikes. No-one had cars, some lucky ones had bicycles.
Apr 14th, 2012 - 02:01 pm - Link - Report abuse 0
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tobias
Argentina oil reserves like Venezuela and Nigeria? You are officially on drugs. Britain will all the banking economy has some areas which are the poorest in Europe, and had to receive EU development funds for decades. And it is the only country outside of Greece which has seen several riots due to social instability in the last two years.
Apr 14th, 2012 - 05:45 pm - Link - Report abuse 0
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briton
Perhaps the man from Del Monty
Could be given the job ?
.
Apr 14th, 2012 - 07:46 pm - Link - Report abuse 0
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