Brazilian rebellion

Another quiet knife has been stuck into the gentleman’s agreement which has until now given the U.S. government the right to appoint the World Bank president. The Brazilian government representative at the Bank – Otaviano Canuto – has asked that the process of selecting the new Bank chief be opened up. In a note to colleagues on the board, he said the board should be allowed to chose between more than one candidate, based on merit. The board meets today to consider the process for selecting the new president. Continue reading