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Thursday, March 22, 2012

''Africa, LatAm to challenge US hold on the World Bank''

From Hindustan Times

"Developing nations may challenge the US’ historic hold on the presidency of the World Bank and are discussing African and South American candidates to compete with whoever the Obama administration nominates.

More than a month after World Bank President Robert Zoellick announced he would step down when his term ends in June, the administration has yet to name its choice for the job. With the Friday deadline for nomination approaching, World Bank board members from developing countries have been caucusing over possible challengers and intend to make selection competitive, said Rogerio Studart, the Brazilian member of the bank’s 25-member executive board."

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