“World Bank: global carve-up”

The opinion-editorials are starting to come in. Here is 1st one from the Guardian. It starts off with:

“Barack Obama made two statements that mattered at the White House on Friday. The first, identifying himself with the family of the shot black teenager Trayvon Martin, exemplified why this president is special. The other, nominating Jim Yong Kim to run the World Bank, showed him as a business-as-usual US leader.”

4 thoughts on ““World Bank: global carve-up”

  1. Wrong! Nominating Jim Yong Kim to run the World Bank is definitely not business-as-usual.

    From what I see there is now a race between a seemingly very good American specialist without much background in running something as a World Bank, or coming from politics, and someone very experienced in developing matters and in the World Bank from the developing world. It will surely be interesting to see how this works out.

  2. Nominating an Asian-American, born outside be US, who worked for WHO, set up a service delivery NGO, and was a university president, is certainly not business as usual. That he is not an insider is what’s business as usual.

  3. Dear Bank Insider,

    You are the one who want’s business as usual. You crave for someone who will be like you and will thus preserve the Bank civil service.

    Your fear is that Kim may turn out to be sufficiently different and may truly shake the complacent insiders.

  4. Some failed to quote the Guardian editorial in its context… The point is not that Mr. Kim himself is business as usual, but that the process is. It is worth reading the Guardian piece in its entirety. Here is some more context for you:

    “What matters above all else is that he is America’s choice. And, when it comes to who is in charge of one of the most important institutions in the global economy – lending about $16bn (£10bn) last year alone, and with over 10,000 employees, what America says goes.

    “This is a corrupt process. It continues one of the longest-running gentlemen’s agreements in economic history, which decrees that the IMF must always be run by a European, while an American has to head the World Bank. Whatever the interests of the vast majority of their actual member states in Asia, Latin America and Africa, the cosy club endures. It is a rotten system. Rotten for the countries who call on the World Bank or the IMF for assistance, rotten for the institutions themselves, and not even much good for those governments that call the shots either.”

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