No this is not Casablanca. Looks like Zoellick met with the Board late last night (an “informal” meeting that lasted four hours reports AFP) to discuss “strategic directions, leadership, corporate governance, multilateral environment and independence ” of the Bank and according to the New York Times, “A bank official familiar with Mr. Zoellick’s meeting said he was very precise in discussing possible changes in the bank’s governing structure and its difficulties on issues like whether to continue lending to so-called middle-income countries that have easy access to capital markets, the need to raise money for the poorest countries and combating corruption in bank lending.”
June 15th has come and gone and Zoellick is the only game on H street even after calls for a new transparent process of appointing the president of the World Bank have emerged from different sources and countries. According to Reuters, a bank official said the board was expected to meet with Zoellick next week, with an eye toward finalizing the process by June 29 and having the new president in place on July 1 since no other nominations have been submitted. Continue reading
As reported by Deep Insider, Monique Barbut was practising some “travails” to get the “dragon-lady” Robin a cushy job at GEF. Guess with only 18 months to go for the Bush Administration, his political followers are not welcomed, as ” must have employees “, with open arms in some corporations and dear Robyn does need a job. However, according to Al Kamen from Washington Post, Robin won’t be an ilk of Monique.
“The job apparently would have meant a two-step demotion in rank as well as a substantial — perhaps six-figure — decline in salary, according to the Government Accountability Project, which has been exposing various misdeeds and shortcomings at the bank.”
In its section of “l’homme de la semaine” (Man of the week!) of last week’s edition (No 2421), JEUNE AFRIQUE describes the man who will be the next president of the World Bank. I realize that he is just a nominee but I do consider it a “fait accompli” since the buzz about other prospects has died down and the man in question seems to be the de facto candidate. The article, written by Alain Faujas, the Washington-based correspondent of Le Monde, gives a good overview of what we have read in the North American and British media since the announcement. A translated version, graciously provided by a reader, can be read here. However, in the same edition, we have the best part from Sonia Mabrouk who asks the question:”And Shaha in all that ?” Looks like it is splitsville between Shaha and Wolfowitz! According to the writer: “in this terrible business of nepotism, he has lost everything: his job as President, the respect of the majority of his collaborators and even…..the recipient of his undue favours“. Continue reading
A week after getting the nod from the White House, Zoellick is embarking on a Worldwide goodwill tour :“I want to leave no stone unturned in showing people I am serious,” as reported by FoxNews. Surprisingly, he is not going to Asia after travelling to Ghana, Ethiopia, South Africa, Britain, France, Belgium, Germany, Norway, Mexico and Brazil. Continue reading