Zimbabwe

Mugabe attacks West over World Bank job

2012-05-24 20:47

Special Report

'Fragile' Zim could miss growth target
'Fragile' Zim could miss growth target

Zimbabwe could miss its 6.4% growth target this year but the final number will not be as low as some international lenders predict, says its finance minister.

Harare - Zimbabwean President Robert Mugabe on Thursday lashed out at the "selfish" West for denying Nigerian finance minister Ngozi Okonjo-Iweala the opportunity to head the World Bank.

Okonjo-Iweala, a respected economist, last month lost the World Bank president post to Korean-American Jim Young Kim, in a first-ever challenge to US domination of the job.

"We were very saddened that you didn't make it," Mugabe told a women's conference in Harare, which the Nigerian minister was attending.

"You know the Europeans are very selfish, they want to retain power in these bodies.

"The World Bank, no African can head it. The IMF, no African can head it. So it will take us time to be equal," said Mugabe.

Under a tacit agreement since the Bretton Woods institutions were founded nearly 70 years ago, the United States has always picked one of its citizens for the helm of the World Bank while Europe has held control of who leads the International Monetary Fund.

The US nominee faced a challenge for the first time in 66 years from two strong developing country candidates.

More competition

Okonjo-Iweala meanwhile said her candidacy for the World Bank president has proven that developing countries can lead global institutions.

"I think they [World Bank] have absolutely no choice, they have to evolve," she said.

"It was a game changer that we cannot have the same processes that have gone on for 60 years going on in future, therefore I am confident that going forward there will be a more level playing field, more competition will be allowed."

Meanwhile, UN rights chief Navi Pillay, who is on a five day visit to Zimbabwe, also attended the conference.

"The lack of respect for women's rights remain entrenched in our society," she said.

"In sub-Saharan Africa alone young women 15-24 years are as much as eight times more likely than men to be living with HIV," noted Pillay, calling on countries to address the problem.

- SAPA

Read more on:    robert mugabe  |  ngozi okonjo-iweala  |  navi pillay  |  zimbabwe  |  southern africa
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
29 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 
Traffic
Lottery
 
  • Tuesday Mitchells Plain - 12:21 PM
    Road name: Eisleben Road
    TRAFFIC LIGHTS not working at Hermes way
  • Tuesday Kuils River - 11:51 AM
    Road name: Polkadraai Road Eastbound
    ROADWORKS between the R102 Van Riebeeck Road and the R310 Baden Powell Drive exit - expect delays
 
More traffic reports...
 

Jobs in Cape Town [change area]

Jobs in Western Cape region

Accounts Payable

Cape Town Northern Suburbs
Express Employment Services - Cape Town
R10 000 Per Month

Sales and Operations Manager

Cape Town
DAV Professional Placement Group

Marketing Campaign Manager - Contract

Western Cape
Peoplefinder Career Placements

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

40% off appliances & homeware

Get mind blowing deals on top selling appliances and homeware. Offer valid while stocks last. Shop now!

Lenovo A1000 tablet now R999!

Get the Lenovo A1000 tablet for only R999! Offer valid while stocks last. Shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer valid while stocks last. Shop now!

New gobii smartphones from R999!

Front and rear camera's, dual SIM capability and 200MB of FREE Cell C data every month for 12 months, are just some of the many features on these smartphones. Get yours now! Shop here.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Apple iPad 2 White 16GB 9.7" Tablet With WiFi & 3G

Two cameras for FaceTime and HD video recording. The dual-core...

From R4300.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

It may be hard to avoid an argument or heated conversation today. Someone may be stirring things up and testing your patience. ...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.