REFILE-UPDATE 5-Ocampo ends World Bank bid, backs Nigerian

Sat Apr 14, 2012 12:44am GMT
 

* Colombia's Ocampo withdraws from World Bank contest

* U.S. nominee Jim Yong Kim likely winner

* Russia says it supports Kim

By Lesley Wroughton and Tiago Pariz

WASHINGTON/BRASILIA, April 13 (Reuters) - 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 U.S. control of the global development institution.

With the board of the World Bank to meet on Monday to pick a new president, Ocampo said he hoped emerging-market nations would rally behind Nigerian Finance Minister Ngozi Okonjo-Iweala in a race that he said had turned highly political.

Okonjo-Iweala, a former World Bank managing director, is now the sole candidate from developing nations in a race against U.S. nominee Jim Yong Kim, a Korean-American health expert who appears almost certain to secure the post.

Ocampo, who was nominated by Brazil, said his candidacy had been "handicapped" by a lack of support from his own country. Colombia said last month it was focusing on a bid for the presidency of the International Labor Organization, where it had a greater chance of success.   Continued...

 
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