South Africa backs Nigerian for World Bank boss

AP News
Posted: Mar 23, 2012 7:18 AM
South Africa backs Nigerian for World Bank boss

South Africa's finance minister says his nation has backed the nomination of Nigeria's finance minister for the top job at the U.S.-based World Bank.

Minister Pravin Gordhan met with his Nigerian counterpart Ngozi Okonjo-Iweala and Angola's economic planning minister in Pretoria on Friday. All three countries endorsed Okonjo-Iweala to be the next World Bank president.

A joint statement said she has all the credentials and qualities to be "an outstanding leader" and the appointment "should be merit-based, open and transparent."

Okonjo-Iweala would be the first African to head the bank. She is an economist and diplomat.

South Africa holds one of the three African seats on the 25-member World Bank board.