who will be next World Bank President What will they do


What the EDs said: the 19th April board meeting statement. We are happy to bring you the text of the Bank board statement agreed yesterday evening. Also happy that the board seems to have broadened the scope of its enquiry. They're not just looking at the Riza affair, but at 'a number of issues' including 'employment contracts made in the Office of the President'. The board's ad hoc group is supposed to make 'early recommendations' for decision by the Executive Directors. How early though?

Communication from the Executive Directors of the World Bank Group

Washington DC, April 19, 2007 - The Executive Directors met on April 19 to address the current situation in the Bank, which is of great concern. Based on the clear guidance of the Development Committee, the Executive Directors agreed on a process to deal with the situation urgently, effectively and in an orderly manner.

Having reviewed the April 11 report of the Executive Directors’ ad hoc group and the associated documents, the Executive Directors discussed questions related to conflicts of interest and possible violations of Staff Rules. They identified a number of issues requiring further consideration. They requested the ad hoc group to consider immediately the arrangements made for the secondment of the staff member closely associated with the President. In that context, the ad hoc group will consider such other information as it deems appropriate, with reference to, inter alia, the Staff Rules, the Code of Conduct applicable to Board officials and the President, and the contract of the President, and to conflict of interest, ethical, reputational, and other relevant standards. On this basis, the ad hoc group will make early recommendations for decision by the Executive Directors.

In addition, the Executive Directors identified other issues that will need to be addressed, including the various public communications made by the Bank on the matter and issues around employment contracts made in the Office of the President.

The Executive Directors asked the Board’s Committee on Governance and Administrative Matters (COGAM) to make recommendations to the Board on issues of internal governance.

Executive Directors or their staff reading this may want to avail themselves of my guide to the ten allegations against Wolfowitz.

Alex Wilks ~ April 20, 2007

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