who will be next World Bank President What will they do


Chickens coming home to roost in the Bank’s boardroom Richard Adams writes in the Guardian that the hesitation by the World Bank’s board in pushing Wolfowitz over the edge might well be rooted in their guilty consciences. Several European board members, and some others, did, after all stage “a brief flutter of mutiny” when Bush nominated the man to be their president.

“Yet they eventually waved through the appointment with barely a flicker,” writes Adams, “being more concerned with protecting the cosy agreement that allows Europe to pick the head of the International Monetary Fund, while the US gets its choice in the World Bank.”

Adams says “the sound haunting the bank's executive board and their government masters is that of chickens coming home to roost.” Now, he says, they are “suffering the consequences: a lame duck president in the World Bank, appointed by a lame duck president in the White House.” This analysis, however, ignores the plausible argument some have made that some of those board members may relish the prospect of a weakened Bank president – meaning they will have more latitude to determine policy themselves.

Soren Ambrose ~ April 14, 2007

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