African Union endorses Okonjo-Iweala for World Bank

Nigerian Finance Minister Ngozi Okonjo-Iweala speaks during a media briefing in Pretoria in this March 23, 2012 file photo. Okonjo-Iweala, 57, was nominated on March 23 by African power houses Nigeria, South Africa and Angola to lead the poverty-fighting institution when its current president Robert Zoellick steps down in June. To match Interview WORLDBANK-NIGERIA/ REUTERS/Siphiwe Sibeko/Files (SOUTH AFRICA - Tags: BUSINESS POLITICS HEADSHOT)

African Union finance leaders on Monday unanimously endorsed Nigerian Finance Minister Ngozi Okonjo-Iweala’s candidacy to lead the World Bank and urged an open merit-based process to select the next head of the global financial institution.

“Dr. Okonjo-Iweala’s impeccable credentials, including depth and breadth of knowledge, rich and varied experience, make her eminently qualified and the best candidate for the post of World Bank president,” the Africa Union said in a statement.

The endorsement came following a meeting in Addis Ababa of finance, planning and development ministers from across Africa led by Ethiopian Prime Minister Meles Zenawi.

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