who will be next World Bank President What will they do


Democratisation obstacles. A former Wolfowitz aide has commented that as World Bank president Wolfowitz would be likely to focus extensively on anti-corruption and democratisation. Stephen Sestanovich, a former aide to Wolfowitz who now works at the New York-based Council on Foreign Relations told the Sunday Times “what has bothered people about the bank for many decades is the concern that it has just fed the preoccupations and prejudices and bank accounts of corrupt elites in backward countries”.

He added: “The Bush administration comes at that problem with a particular focus on governance, and even more narrowly on democracy, that is going to stir the place up.”

I am wondering if Mr Wolfowitz has had a chance to read the World Bank's Articles of Agreement. They clearly state (Article 6) that Bank staff "shall not interfere in the political affairs of any member; nor shall they be influenced in their decisions by the political character of the member or members concerned. Only economic considerations shall be relevant to their decisions, and these considerations shall be weighed impartially in order to achieve the purposes stated in this Agreement".

Alex Wilks ~ March 20, 2005

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