NGO statement on Bank governance. A range of NGOs, under the banner of the IFI Democracy Coalition, this week issued a statement complaining about the governance deficits of the World Bank.

The statement, sent to ministers on the Bank's Board of Governors, is signed by a wide range of organisations. They complain that the Bank remains "rooted in an outmoded model of governance" and demand "processes that provide for more transparency, direct civic input, and public accountability".

Selecting the Bank's new president behind closed doors is unacceptable, they warn. "We call on the establishment of a transparent and accountable process for the selection of the next World Bank President. The process should provide for the selection on the basis of explicit criteria, including the commitment to a genuine democratization of the institution, and be open to candidates from all countries. Furthermore, we call on the IFIs themselves to support such a process. This time around, IFIs will have to demonstrate that they are the appropriate channels for development resources, and one part of proving that is accepting responsibility for their own governance".

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Alex Wilks ~ February 12, 2005

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