WASHINGTON --World Bank President Jim Yong Kim said two senior executives will leave and others will get new responsibilities, part of a management shake-up 13 months after he took over the institution as he prepares a new global poverty-reduction strategy.
Caroline Anstey, a managing director who worked for 18 years at the Washington-based bank, will step down after the member countries' annual meetings in October, Mr. Kim said in an email to staff obtained by Bloomberg. Pamela Cox, a veteran of 33 years who most recently was senior vice president for change management, will retire at the same time, he said.
Mr. Kim has pledged to refocus the bank, with a dual goal of ending extreme poverty by 2030 and lifting income of the 40 percent poorest.
Oil firms move offshore
ABUJA, Nigeria -- International oil companies including Shell and Chevron are shifting their efforts in Africa's largest producer from land-based operations to offshore fields, where the risk of kidnapping, sabotage and crude theft is lower. The increased security also brings costs that are more than 40 percent higher, according to estimates from Nigeria's national oil company.
Deep-water fields that first began production 10 years ago now account for more than half of Nigeria's production. With output suspended at about 40 land-based fields after armed attacks, Nigeria has compensated for the loss by increasing offshore projects, according to data from the petroleum ministry. Bonny Light crude is one of the country's main export grades.
Voting ends in Zimbabwe
HARARE, Zimbabwe -- Voting concluded Wednesday in most of Zimbabwe's polling stations in elections in which Robert Mugabe faced one of the biggest challenges to his 33-year grip on power.
Vote counting was expected to begin Wednesday night, and the final results are expected by Monday.
Zimbabweans voted in large numbers despite concerns about the credibility of the electoral process, and the vote was relatively peaceful compared to disputed and violent polls in 2008.
Tendai Biti, the third-ranking official in the former opposition party of Prime Minister Morgan Tsvangirai, Mr. Mugabe's popular challenger, reported alleged irregularities across several districts, including changes to voters' lists and ballot papers.
Power restored in Philippines
MANILA, Philippines -- Electricity was restored Wednesday to most of a Philippine province that was entirely cut off for more than 24 hours when the national power grid operator stopped its supply due to $93 million in unpaid bills, officials said.
Shops had been closed and hospitals had been running on generators since Tuesday morning in Albay, a province of 1.2 million people southeast of Manila. Even the provincial governor's office was not spared from the power outage.
The Department of Energy said a disconnection notice was served to the Albay Electric Cooperative because it failed to settle a debt of nearly 4 billion pesos ($93 million) over 15 years.
MEXICO CITY -- Surgery on President Enrique Pena Nieto to remove a thyroid nodule Wednesday was successful and went exactly as planned, his staff and surgeon said.
The nodule showed no signs of malignancy, said his surgeon, Brig. Gen. Juan Felipe Sanchez.
Mr. Pena Nieto, 47, was awake and recovering in his room in the Central Military Hospital after the procedure that took less than two hours, said his chief of staff.world