who will be next World Bank President What will they do


Former Bank spokesman condemns timidity. Tim Cullen, former Chief Spokesman of the Bank, has written to the Financial Times complaining that other governments are too timid to challenge the US to force a proper search process for the Bank’s top job.

Cullens' letter points out that “the Bank's articles of agreement require its headquarters to be located in the country that has the largest shareholding, but the nationality of the president is not stipulated - although, by tradition, it has always been an American. The trouble is that none of the other shareholders, which hold almost 80 per cent of the shares and votes, has the courage to say no to the US administration.”

Cullen feels the argument that the US contributions to the Bank would dry up if there was a non-American at the helm are grossly exaggerated. He echoes the call from FT columnist and former World Bank staffmember Martin Wolf that a search committee should be established to find the most suitable person for the job.

Alex Wilks ~ January 27, 2005

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