Okonjo-Iweala quits World Bank to take Nigeria job

WASHINGTON, July 8 Fri Jul 8, 2011 1:35pm EDT

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WASHINGTON, July 8 (Reuters) - World Bank managing director Ngozi Okonjo-Iweala resigned her post on Friday to join the cabinet of Nigerian President Goodluck Jonathan as minister of finance and economy, the bank said.

"Her desire to serve her country is truly a big loss for the World Bank but a major gain for Nigeria as it works to craft its economic way forward," World Bank President Robert Zoellick said in a statement.

Okonjo-Iweala, 57, has been managing director of the World Bank since late 2007. Before that, she was finance minister and foreign minister in a previous Nigerian government. (Reporting by Doug Palmer)

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