As US nominee Jim Yong Kim sets off on a global “listening tour” to promote his candidacy, he has declared his priorities for the Bank in an FT op-Ed. While thin on actual policy content, Kim gives strong support for “an open, inclusive World Bank” which “must give developing nations a greater voice.” He also attempts to calm the ‘anti-growth’ storm, by confirming that he recognises “that economic growth is vital to generate resources for investment in health, education and public goods.” Continue reading
Tag Archives: BRICS
World Bank? You’d better look at the BRICS bank!
Ok, I know that most of you are interested in the changes about to occur in the World Bank but, am sorry to say, this generates very little interest in some of the largest countries of the so called “developing” world.
First, because we all know that the US will nominee the guy to the WB, just as Europe have always done with the IMF. Although some Southern governments, just like Brazil´s, pretend to believe in “reforms” in the Bretton Woods institutions, deep inside they know that winners are already chosen. Continue reading
Kenya nominates Sachs?
Jeff Sachs claims to have cleared his first main hurdle – a nomination from a member country of the Bank. His website carries the following quote from the Prime Minister of Kenya: Continue reading
BRICS spring into action
With the same non-lightining speed they displayed during the IMF’s last selection process — and the same vagueness — the BRICS finance ministers, meeting on the sidelines of the G20 Finance Ministers’ meeting on this weekend in Mexico City — said they really should nominate someone. Continue reading
BRICS size up Presidential challenge
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