Financial Times(FT), a world leading financial newspaper in a recent editorial gave reasons why they feel Okonjo Iweala should lead the World Bank.
The London based newspaper in an article titled "The right leader for the World Bank" published on Tuesday acknowledged that the United states candidate, Jim Yong Kim could be a good candidate, but the article makes it clear that the candidate will need more qualifications than Kim has.
The editorial list skills like, a command of macroeconomics, the respect of leaders of both the funding and the funded countries, and the management skills to implement his or her vision, as criteria for the next world bank president, which the FT editorial says it believes Okonjo-Iweala is best qualified.
The editorial says:
"Ms Okonjo-Iweala has real-world experience of policy-making in one of the most challenging developing countries. Her experience in tackling corruption would be helpful in the battle against the misuse of Bank funds. While her record as a finance minister is not flawless, her reforming drive has earned her credibility with the international community. That, and her charismatic personality, should help her to rally support for the Bank."
it continues:"Having served as managing director under outgoing World Bank president, Robert Zoellick, she also has a unique knowledge of how the institution works. While one risk could be the temptation not to challenge the status quo, she might find it easier than other candidates to gain the respect of staff and build on Mr Zoellick’s legacy."
The selection of Okonjo-Iweala according to the editorial is a message to the world. One it believes US president Barack Obama would understand.
The editorial makes its stance clear in its closing lines as it reads:
"In this less than ideal world, Mr Kim’s appointment seems inevitable. But if the Bank’s shareholders wanted the best president, they would opt for Ms Okonjo-Iweala".
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