It looks like things may be about to hot up. The BRICS group of major emerging market economies, meeting in the sidelines of a G20 meeting in Mexico said they will discuss whether to put forward their own candidate. Continue reading
Category Archives: The Process
The World Bank needs its own Lionel Messi to come off the bench
Below is a guest post from Jorge Daniel Taillant, formerly executive director of the Centro de Derechos Humanos y Ambiente (Center for Human Rights and Environment, CEDHA) in Argentina:
In most sports, when your front runners simply aren’t cutting the mustard, the coach looks to the bench for new and energetic blood, mostly to radically change the way in which the strategy is being executed, an altercation to the tactics that are simply not working. It is not surprising that radical changes to the business as usual line up often leads to early
entry success and can fundamentally change the game play.
In this regard, we’ve had enough of industrialized country leadership (in fact, practically of single country leadership) of largely fledgling international finance corporations such as the IMF and in many ways, also the World Bank, both historically aligned along the Washington Consensus and both dominated by European and US intervention. And both, with little to show in terms of success.
We need a Lionel Messi
to come off the bench and work development magic, and while that may not be an Argentine in this case, it should be a candidate from a developing country, one that has shown the ability to make bold and assertive decisions to address modern development challenges. Continue reading
Calls for developing country candidates growing stronger
With over 2,200 votes on the worldbankpresident.org poll within less than a week of its launch, the demand for developing world candidates has perhaps never been stronger.
Devesh Kapur, who co-authored the official history of the World Bank, calls the nomination process “dreadfully antiquated” in an article for the New Europe Post Online, arguing that the Bank in reality has little choice but to look to the growing emerging-market economies, rather than the indebted West, for resources. But they would then “rightly demand a greater voice in running the Bank”. Kapur lists Luiz Inácio “Lula” da Silva, Ernest Zedillo of Mexico and Ngozi Okonjo-Iweala of Nigeria, to name a few, as favoured developing country candidates. But he also doesn’t rule out Hilary Clinton as a credible candidate.
Getting ready to pick the next World Bank President
Robert Zoellick’s article in Foreign Affairs “Why We Still Need the World Bank” http://www.foreignaffairs.com/articles/137243/robert-b-zoellick/why-we-still-need-the-world-bank was intended to be a flattering account of the Bank’s achievements during his time as its president. Correlation is not, of course, causality, but as the World Bank’s Board gets ready to select his successor from a shortlist of three nominees, it’s time to look more closely at what’s missing. Continue reading
Board to rush decision by April 20: wonder who that favours?
On Friday the Bank’s board set out its version of what a good selection process for Zoellick’s successor would be. They referenced the disappointing 2011 Board paper, and even took a few extra steps to make the process less transparent: Continue reading