Latest on McPherson bid. Today’s news is that McPherson has not been nominated and is playing it cool. One contact of mine bumped into McPherson yesterday and asked him if he was standing for World Bank president. His response? “I was president of Michigan State University”. Not a "no", but not very revealing.

Another contact who has recently met a couple of Executive Directors to the Bank said that no decision has yet been taken. They expect a nomination to be made and agreed within the next 30-60 days. Apparently a committee has been set up including Condi Rice and John Snow to make the final decision/recommendation to the President but the White House staff we mentioned earlier were apparently heavily involved in drawing up the shortlist.

A senior figure at the Center for Global Development said that, if appointed, McPherson would have “a calming influence” on the Bank. I agree that the Bank has over-stretched itself. But this is faint praise indeed.

NEW: Have your say on the process and candidates on our forum.

Alex Wilks ~ February 11, 2005

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