BEIJING (NNN-XINHUA) -- China expects the next president of the World Bank to promote governance structure reform, says Chinese Foreign Ministry Spokesman Liu Weimin.
Liu made the remarks at a routine press briefing here Wednesday while commenting on the election process for the next World Bank president, as the three candidates for the position have been undergoing interviews.
China hopes the next president will further enhance developing countries' rights to speak and represent themselves at the World Bank, and, therefore, make contributions to global poverty reduction and development, he added.
Liu said the election of the next World Bank president had been following the open, transparent and merit-based process for the first time. The process reflects the consensus of the group of 20 (G20) leading developed and emerging nations on international financial institutional reform and its substantive progress.
There are three candidates vying to become the next president of the World Bank -- Jim Yong Kim. a university dean from the United States, Nigerian Finance Minister Ngozi Okonjo-Iweala and Jose Antonio Ocampo, a former finance minister of Colombia.
The US has always held the position since the Bank was founded at the end of World War II but there has been increasing pressure in recent years for the next head of the Bank to be from a developing nation. -- NNN-XINHUA
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