• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Okonjo-Iweala: 'I don't mind who wins'

    By Jenny Lei Ravelo // 10 April 2012
    Ngozi Okonjo-Iweala, former World Bank managing director. Photo by: International Monetary Fund

    For someone who doesn’t mind who wins the presidency at the World Bank, Ngozi Okonjo-Iweala’s passion was palpable while she laid out her vision for the international financial institution.

    Coming from an hourslong interview with the bank’s board of directors, Okonjo-Iweala gave a rundown of her “vision” for the bank Monday (April 9). These included boosting partnerships with the different actors in the development community and “cutting away” bureaucracy for the bank to be able to deliver timely responses. She also emphasized the need to focus on job creation across the globe, especially among the youth.

    The former World Bank managing director was speaking from experience. Okonjo-Iweala said her vision for the bank is “very much informed” of her life in Nigeria, where she experienced life’s hardships. She said she knows what it feels like to not have enough food to eat, have to fetch water from the stream or not have a place to sleep.

    “It’s not good enough to say you know about poverty. You have to live it,” Okonjo-Iweala said, garnering a round of applause.

    Okonjo-Iweala was speaking at an event organized by the Center for Global Development and The Washington Post. Apart from her vision, she expressed support for current bank initiatives, such as allowing countries to set their own agenda. However, she said countries that had not set their own agenda should not blame the bank in the event it intervenes.

    Okonjo-Iweala also addressed worries that the United States might “drop” the bank if a non-American gets the top post. The United States is one of the biggest donors to the International Development Association, the bank’s lending arm for poor countries, along with the United Kingdom.

    “I think we are misjudging the U.S. Congress,” she said, adding that the United States can benefit from leading the open, merit-based system in the selection process that she has been calling for.

    But if the United States does drop the bank, Okonjo-Iweala said she is ready to use her “persuasive powers” to convince Congress. But she said she did not use such tactics in the race for World Bank president. She said she was campaigning for an open, merit-based system, but not for herself.

    The event aims to engage the three World Bank nominees on their visions or plans as president of the multilateral institution. Ocampo will be participating in a similar event Tuesday (April 10). Kim, the U.S. nominee for World Bank president, has yet to respond to the organizers’ invitation.

    Read more:

    • Why José Antonio Ocampo should be the next World Bank president

    • Ngozi Okonjo-Iweala ‘can’ win World Bank presidency

    • Who is Jim Yong Kim?

    • The nominees for World Bank president are …

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

    • Banking & Finance
    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Jenny Lei Ravelo

      Jenny Lei Ravelo@JennyLeiRavelo

      Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.

    Search for articles

    Related Stories

    Devex CheckUpDevex CheckUp: WHO's emergencies czar is out — here's who's in

    Devex CheckUp: WHO's emergencies czar is out — here's who's in

    Food SystemsBrazilian microbiologist wins 2025 World Food Prize

    Brazilian microbiologist wins 2025 World Food Prize

    The Trump effectSenator warns legal victory may not stop USAID restructuring plans

    Senator warns legal victory may not stop USAID restructuring plans

    Global healthGavi’s Sania Nishtar is ‘very hopeful’ US will return as a donor

    Gavi’s Sania Nishtar is ‘very hopeful’ US will return as a donor

    Most Read

    • 1
      Lasting nutrition and food security needs new funding — and new systems
    • 2
      The power of diagnostics to improve mental health
    • 3
      The UN's changing of the guard
    • 4
      Opinion: Urgent action is needed to close the mobile gender gap
    • 5
      The top local employers in Europe
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement