BREAKING: Jim Yong Kim is chosen to lead World Bank, keeping US hold on top post at development agency. Do you think we have been deprived of something?

Excerpt from Guardian Online
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"It is voting with political weight and shares, and therefore the United States will get it," she told reporters at a briefing on the country's 2012 budget.

A third candidate, Colombia's former finance minister Jose Antonio Ocampo, pulled out of the race Friday, calling the selection process a "political-oriented exercise".

Okonjo-Iweala said that although she expected her challenge to the US's nomination to fail, the process "will never ever be the same again".

"So we have won a big victory. Who gets to run the World Bank – we have shown we can contest this thing and Africa can produce people capable of running the entire architecture," she said.


link: http://www.guardian.co.uk/business/2012/apr/16/world-bank-president-jim-kim?newsfeed=true