who will be next World Bank President What will they do


Undemocratic institutions. In a letter to the FT, Rick Rowden argues that, behind the US's efforts to "undemocratically select" a new president, lies a broader problem: the undemocratic structure of the Bank and its sister institution, the IMF.

"Both were created in the 1940s and their structures still reflect the world of the 1940s," he writes. "The world has changed in profound ways since then. Those of us now in the 21st century recognise that people rightfully demand far greater democratic accountability and transparency than these institutions can offer.

"While there is today serious momentum towards a major restructuring of the other key 1940s institutions - the United Nations and its Security Council - in order to better reflect contemporary political reality, it seems the World Bank and IMF are set to avoid any significant restructuring."

David Steven ~ January 13, 2005

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An opportunity at the World Bank
UPI: Wolfowitz Replacement This Week
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