Alex sums it up. Our very own Alex Wilks has published a comprehensive and very useful summary of the process and politics of selecting a World Bank President in the 21st century at opendemocracy.net. Includes analysis of the Wolfowitz nomination.

Some might quibble that Alex, in contrasting the likely character of a Wolfowitz Bank with the Wolfensohn Bank, veers too close to suggesting that today's Bank has recovered from its old Cold War habits of allowing itself to be used for geostrategic purposes -- i.e., supporting the U.S.'s strategic allies. It's true that a Mobutu probably wouldn't get loans from the Bank now -- indeed he was cut off before the end in the mid-90s. But we should also recall how quickly the Bank orchestrated extraordinary debt relief for Pakistan and Tajikistan after they pledged their loyalty to the U.S. in the wake of the September 11th terrorist attacks.

Soren Ambrose ~ March 25, 2005

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