who will be next World Bank President What will they do


Japanese scolding. An editorial in a leading Japanese newspaper has a clear message: "Don't use post as a tool to pursue U.S. global strategy". It scolds Prime Minister Junichiro Koizumi for giving his support to Bush's nomination immediately rather than in return for US backing for further reforms of the institution.

The editorial in Asahi Shimbun says: "as economic globalization advances, there is growing criticism that the U.S. government and the World Bank are working together to impose the American model of a free-market economy on uncompetitive developing countries. If the next World Bank chief creates the impression among developing countries that it is more interested in spreading American-model of democracy than in helping their economic development, the credibility of the organization that has been built up over decades will collapse overnight".

Alex Wilks ~ March 23, 2005

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