Board says process must be improved In his coverage (sub. possibly required) of the World Bank board meeting in Friday's FT, Andrew Balls -- alone, I think, among those reporting on it -- says that whilst approving Wolfowitz, board members "spoke of the need for a better selection procedure for the future -- including the consideration of an array of candidates, regardless of their passports."

But how seriously should we take such remarks? True, they don't seem to have been designed for public relations purposes, since they have not been widely reported ... but given that they were supposedly uttered by "directors from developing countries, Europe and the U.S. representative," it's hard not to conclude that some serious hypocrisy was going on.

If the directors were serious about what reforming the process they could have returned to the recommendations of a joint WB/IMF board panel created after the contentious selection of Horst Koehler as Managing Director of the IMF in 2000. The panel outlined a concrete process that would address precisely the points the directors are reported here to be concerned with. The recommendations were noted "with appreciation" by the two institutions' boards, but never adopted by either.

Soren Ambrose ~ April 03, 2005

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