SA`s Mokate gets top World Bank job

source: News24
2010-10-09 12:03
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Washington – Nations in sub-Saharan Africa have picked up a third seat on the World Bank’s 25-member executive board.

The former deputy governor of the South African Reserve Bank, Renosi Mokate, takes her seat November 1.

Her election on Friday represents another step by the 187-nation Washington-based lending institution over the past two years to boost the voice and representation of developing countries and nations playing a bigger role in the global economy.

A similar effort is under way at the bank’s sister institution, the International Monetary Fund, but is stalled for the moment.

Bank President Robert Zoellick said Mokate’s election means developing countries will have a majority of seats on the board, which makes decisions on [continue reading]

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