who will be next World Bank President What will they do


Inertia in the system. An article from Inter-Press Service records further discontent with the murky selection process for World Bank president. The piece - which cites this site - quotes leading US development campaigners but says it "is not only development groups that fault the IMF and the World Bank for their so-called 'democracy deficit'. In both 2000 and 2004, developing countries and others (including Japan in 2000) protested their exclusion from consideration in the choice of the IMF managing director."

However despite a significant number of countries challenging the process there is inertia built into the system. The article quotes a Washington source saying: ”the way it works out as well with the European picking the IMF head is that it ensures that they do not have a huge interest in rocking the boat too much either”. The US government did not object last year to the surprising nomination of Rodrigo Rato to be IMF Managing Director and assumed that would allow it to place its favoured candidate in the Bank.

Rick Rowden, a campaigner with Action Aid USA commented: "”These institutions are designed to represent the world of the 1940s. The world has changed in profound ways. The most profound way the world has changed is that citizens today demand a great deal more accountability and transparency from the governing institutions.”

The article mentions this website as a source of news, comments and tips on the contenders for the position. It notes that none of our seventeen candidates have publicly denied being tapped for the position.

Alex Wilks ~ January 19, 2005

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