who will be next World Bank President What will they do


Stiglitz weighs in. In a 'Financing for Development' side event in New York on the G8 and global governance, former World Bank chief economist (now professor of economics at Columbia University) Joe Stiglitz has weighed in to the Wolfowitz issue.

He told his audience that "if the head of the World Bank resigns, it would be a major mistake if the current system remains the same and the US once again appointed their candidate. This is a major opportunity for NGOs to change the governance structure of the institutions". Stiglitz went on to say that he was confident there were other more qualified candidates available who weren't "white, American and Republican".

Jeff Powell ~ April 17, 2007

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