Finance Minister and Coordinating minister for the economy, Ngozi Okonjo-Iweala yesterday said her mission at the World Bank was to use her vast experience to create a new institution that will respond to the yearnings of emerging and developing economies.
She promised to create jobs especially for the youths as it was the surest way to prevent a future where there could be more springs after the Arab springs.
Okonjo-Iweala, who was addressing the press in Nigeria for the first time after her nomination last Friday by President Goodluck Jonathan, said her candidature was an African one having received the endorsement of several Africa leaders and other emerging markets.
She challenged the United States of America and other members of the G20 to honor its commitment for an open and transparent process for the emergence of a new President for the World Bank.
She said given a level playing field, “we stand a very good chance because I have got the credential to do this job. If there is no level playing field, we will have to watch.”
United States, which has led the bank since its formation for the past 44 years, also nominated its candidate who observers say poses a difficult challenge to Okonjo-Iweala’s candidacy. The US has 60 percent of the board members of the bank whose vote would count for the emergence of the next President.