US pick favoured to lead World Bank

Europe and Japan  would support the Korean American for the powerful job doling out money to developing countries.
But ahead of the meeting of Bank directors, Okonjo Iweala, herself a veteran of the institution, blasted the way the United States has held a lock on the position since the Bank was launched.
“You know this thing is not really being decided on merit,” she told reporters in Abuja.
“It is voting with political weight and shares and therefore the United States will get it.”
A third candidate, Colombian former finance minister Jose Antonio Ocampo, dropped out Friday also complaining that the selection process was purely political and not merit based.
There had been some hopes from critics of the Bank that the powerful emerging BRICS economies Brazil, Russia, India, China and South Africa  might coalesce around Okonjo Iweala, but those were scotched when Moscow on Friday publicly endorsed Kim. — AFP.