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Nigerian Minister Vies for Top World Bank Job
Nigeria's candidate
Ngozi Okonjo-Iweala has long experience at the top levels of the World Bank, where she deals with national leaders and urges action to fight poverty. "This is a challenge for the world, almost one billion people are going to bed hungry," she said.
Okonjo-Iweala is currently Nigeria’s finance minister, and also served as foreign minister. Her career began after an education that included Harvard and MIT.
She has strongly impressed international economics expert Uri Dadush, a former World Bank colleague. "Tremendous development experience in many parts of the world and has the experience of running the finance ministry1, and an economics ministry in one of the more arduous2 environments of the world," Dadush noted3. "She has been a determined4 campaigner against corruption5.”
Making tough decisions
As finance minister, Okonjo-Iweala angered many Nigerians by cutting subsidies6 in a move that saved the government money but raised the cost of fuel to consumers. She argued the money would be better spent on projects that would cut Nigeria’s high unemployment rate.
Her critics say her long tenure7 at the bank makes it less likely that she will bring in new ideas or change the institutional culture. But one development expert says she would offer a strong blend of financial and diplomatic experience.
And Nancy Birdsall says Okonjo-Iweala has also had practice at making tough decisions. "So she has kind of been through the fire, so she has that experience of how it works at a political and macro level in developing countries," she said.
Birdsall says it is encouraging that Okonjo-Iweala is one of three candidates for World Bank President.
Non-traditional leaders
Until now, the head of the bank has always been an American, while a European has always led the International Monetary8 Fund.
Last year, Washington backed the appointment of former French Finance Minister Christine Lagarde to head the IMF over an emerging-market candidate. Europeans may now back the U.S. candidate for the top World Bank job. The combined voting strength of U.S. and European nations in each organization make it difficult for a candidate from another country to end the tradition of Western leadership for these institutions -- which have a major impact in the developing world.
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1 ministry | |
n.(政府的)部;牧师 | |
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2 arduous | |
adj.艰苦的,费力的,陡峭的 | |
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3 noted | |
adj.著名的,知名的 | |
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4 determined | |
adj.坚定的;有决心的 | |
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5 corruption | |
n.腐败,堕落,贪污 | |
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6 subsidies | |
n.补贴,津贴,补助金( subsidy的名词复数 ) | |
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7 tenure | |
n.终身职位;任期;(土地)保有权,保有期 | |
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8 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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