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The official version.
The IMF/Bank joint report offers an official version of how Wolfensohn got the job (unofficial version here).
Apparently…
- The Executive Directors agreed on several basic qualifications for the post.
- The U.S. government established a Search Committee (chaired by the Treasury Secretary) and used these qualifications in screening prospective candidates.
- The Committee (assisted by a professional executive search consultant) researched and reviewed a preliminary list of candidates.
- Recommendations from Member countries were reviewed, including non-U.S. citizens.
- The U.S. Executive Director kept the Dean of the Board informed about the various stages of the search process.
- Eventually, the U.S. President chose a finalist (Mr. Wolfensohn) who was nominated to the Board by the U.S. Executive Director.
- The Bank's Executive Directors subsequently selected Mr. Wolfensohn as President by adoption of resolution, per usual Bank procedures.
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