One person who has doubts on the suitability of Zoellick is Nobel Prize winner and former Chief Economist of the WBG, Joseph Stiglitz. As told to La Republica and reported in The Times, Stiglitz asked the following: “Robert Zoellick defended American agricultural protectionism until the bitter end when he was responsible for commercial talks. How will he, as the future president of the World Bank, ask for the dismantling of aid to agriculture that favours developed countries at the expense of those that are poor?”
Could this nomination be overruled? This is what Bruce Jenkins from Bank Information Center is urging the members to do.
“Rather than enter into a debate about the relative merits of the lone horse in the running, we should reject the one-horse race entirely,”
He reminded us how the saga of these past few weeks has given us the opportunity for fundamental overhaul of the institution and the process of electing the president:
“The shareholders’ rush to put the scandal behind them without instituting the most basic reforms clearly shows the intractability of the governance failures at the institution. If not now, then when?”