Zoellick and the Hill

Although the U.S. Congress has no formal role to play in the World Bank presidential nomination game, they are poised to appropriate annual funding for the World Bank’s IDA and consider an authorization for the next IDA replenishment. Most reported reactions on Zoellick’s nomination have been generally positive from both sides of the aisle. But key World Bank overseer and House Financial Services Committee Chairman Barney Frank is not impressed: “The second, high-ranking George Bush administration foreign policy, national security official in a row, I think is a mistake.” Continue reading

Australian hypocrisy.

Bloomberg reports Australian treasurer Peter Costello: “Zoellick is an excellent candidate for the World Bank presidency and will be supported by Australia.” Australia joined Brazil and South Africa last week in calling for “transparent” selection process based on merit and open to citizens of all nations. “Following the completion of current processes, it is Australia’s view that the World Bank should examine the selection process for the president,” Costello said. Continue reading

Liberal Democrats shame UK government over failure to live up to their commitments.

Commenting on the appointment of Robert Zoellick to be president of the World Bank, Liberal Democrat shadow international development secretary, Lynne Featherstone MP said: “No offence to Mr Zoellick, but this is another American and another Bush appointee. The World Bank has fallen into disrepute through political appointments. It is not credible for the World Bank to preach good governance to developing nations when its own governance is based on such an outdated and patriarchal world view. The president of the World Bank should be chosen according to a transparent process on the basis of merit and qualification.  It is a shame that the British government has done nothing to push for an open and meritocratic selection process for the World Bank presidency.”