who will be next World Bank President What will they do


French to nominate Jouyet for #2 WB position Acting quickly on the reported deal the EU made to support Wolfowitz as President of the World Bank, Dow Jones reports (subscription required to view article) that France will nominate Jean-Pierre Jouyet, head of the Paris Club, to occupy a new #2 position at the World Bank. (The Paris Club is the association of wealthy creditor countries that cooperate on debt rescheduling and cancellation for impoverished countries.)

The EU countries are the only bloc with enough power to prevent Wolfowitz from becoming WB President. This is what they get in exchange for endorsing the mastermind of the Iraq war.

"The appointment [...] may temper concerns that Wolfowitz could use the bank presidency as a pulpit to forward U.S. President George W. Bush's global agenda," reports DJ.

But as our own David Steven tells DJ, cutting out the Global South from the power equation is a pretty dubious way of doing that. "'The Europeans are stitching together a cozy deal with the U.S. I don't see where that leaves the developing countries and the rest of the world,' said David Steven, a founder of worldbankpresident.org, a Web site dedicated to development issues."

The French are quick to reassure us that they're not insisting on Jouyet. "France is open to other nominations too. France would back 'a European or a developing country deputy. This would have to be discussed first with fellow Europeans and then with Wolfowitz.'"

Soren Ambrose ~ March 30, 2005

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