CDG’s President Emeritus Nancy Birdsall didn’t call being World Bank president the hardest job in the world for nothing.
Personal traits are important.
Now that David Malpass is rumored to be the Trump Administration’s nominee to succeed Dr Kim, the Board’s fifth criterion “effective and diplomatic communication skills, impartiality and objectivity in the performance of the responsibilities of the position” goes without saying if you take the Board’s first four assessment criteria seriously.
Cheerleaders for financial recklessness that led to widespread adverse impact and expensive fixes without accountability need not apply. Modest in judgment in one’s profession or field of expertise, and learning from one’s mistakes, are essential.
Partisan attachments are to be avoided. That includes campaign fundraising and giving bad advice that isn’t listened to. The line between blunt, and candidly descriptive and persuasive, is a difficult one. It needs to be clear.
No pettiness or abusing of subordinates. Tone at the top matters. So does respect for expertise, experience, and perspective. Continue reading
More than a bland statement, the Board’s fourth criterion, “a firm commitment to and appreciation for multilateral cooperation”, is particularly important at this inflection point in global development and geopolitics.
As Gilly Wright has reminded us—again—“Since the inception of the World Bank, Europe has backed the US choice of an American to head it, while the US in return leaves Europe to pick a European to head the IMF—a tradition that now seems unnecessary and outdated. Donald Trump’s anti-multilateral stance and antagonism toward Europe will perhaps see the end to this “gentlemen’s agreement,” and it remains to be seen if the Trump administration will resist the urge to nominate a lackey in favor of a globally respected candidate, and whether a non-funding stick will be wielded.”
This defeatist view has an element of realism: as long as the Eurozone’s economy remains fragile and risky, Europe is unlikely to relinquish leadership of the IMF, which will have to play a key role in Greece, Spain and Italy by lending its credibility to a EU-crafted solution led by the European Central Bank and Germany.
Against this background, the Trumpian view of “multilateralism” means many things, from bullying NATO allies to pay up more for collective defense, to withdrawing from important international agreements like the Paris Accord and TPP, and renegotiating—with much fanfare and little practical change—important regional and bilateral trade pacts, the noisiest one being NAFTA 2, for lack of a more mellifluous acronym. Continue reading
The World Bank’s Board established as its third criterion ”the ability to articulate a clear vision of the World Bank Group’s development mission.”
It’s not a prospective candidate’s fault they have to do it: the Board’s word salad Forward Look strategy, and the IBRD/IFC capital package agreement as articulated in the Sustainable Financing for Sustainable Development Paper would challenge a Kennedy, an Obama, and even a Churchill. A PowerPoint would be so long with small-font slides that Donald Trump would go back to watching FoxNews.
“Our Dream is a world free of poverty” was a clear message Jim Wolfensohn used to inspire the Bank and its partners. Eventually its sentiment became the headline of both the MDGs and SDGs, and the first goal of each. Freeing the world of poverty has inspired development practitioners, official development agencies, and civil society organizations. Dr Kim’s Twin Goals embraced and expanded the poverty eliminated goal. But the expanding shared prosperity lacked the clarity of meaning, and inspired little agreement on how, so that the “Twin Slogans” got little traction as a lodestar with practical actions attached. Various attempts to be practical, like “Cascade” were advanced, but haven’t won universal favor. Dr Kim’s Human Capital Index was another framing, and reflected (some) research and his own proclivities and comfort zone. Inside the Bank, there’s resentment about yet another framework for client dialogue. The Bank’s external critics have seized on it as abandoning a rights-based approach, obscuring long-standing critiques of Human Capital Theory (HCT) and its notion of ‘capitalisable humans’, seeking to shame, and ignoring income inequality within a country. Continue reading