Voting arithmetic examined

With all the excited talk about the candidates and their interviews, lets get down to brass tacks – the World Bank Board is going to hold a straw poll today to check into where countries are. While a formal decision is expected to be taken and announced Monday this straw poll is important to see if the developing countries can coalesce around one candidate and make the Europeans think again about the gentleman’s agreement (read: sordid back room deal with the Americans). Who has the numbers?

It is all a bit complicated because the Bank is in the middle of their capital increase, which has not fully gone through all capitals yet. Meaning the voting rights at the board are neither the pre-2010 agreement levels, nor the final 2010 agreement levels. The Bank corporate secretary helpfully published a new table of voting rights by executive director yesterday.

Here’s the arithmetic as far as we know or can guess.

  • US, Canada, Japan for Kim. Lets add Spain/Mexico in that column since the Mexicans declared their preference. And lets Add New Zealand/Australia/South Korea as well since the Korean president has backed Kim.
  • Latin Americans for Ocampo – Brazil nominated him, the Argentinians wouldn’t dream of supporting one of the others at this point.
  • Three African constituencies for Okonjo-Iweala given the African Union support.
Kim 36.7% Okonjo-Iweala 4.9%
Ocampo 5.7% unknown 52.7%

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Wednesday crunch time – candidates to meet EU Governors

One of the most important days for the selection process may turn out to be Wednesday 4 April. We have learned that “the Danish EU-Presidency intends to provide an opportunity to the EU World Bank Governors to have an exchange with all the three candidates for the position of the World Bank Group President. … It will now be held on Wednesday, April 4 2012, from 10:00 a.m. to 1:00 p.m. in Brussels.

So the finance/development/foreign minsters from the EU 27 Continue reading