April 14, 2012 12:06 PM

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Jose Ocampo withdraws from race to become next head of World Bank

The former Colombian Finance Minister Jose Antonio Ocampo has withdrawn from the race to become the next head of the World Bank. Mr Ocampo said he will support the Nigeriana Finance Minister Ngozi Okonjo-Iweala to win the job. She is the only remaining challenger to the US nominee Jim Yong Kim. The World Bank is expected to choose a successor to its current President Robert Zoellick on Monday.

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