Well folks today is the day.
It seems that the unnamed “A Bank Insider,” the most frequent poster to this blog, has taken off the gloves, with his declaration — not even couched as a prediction — that a Kim presidency would be “ineffective and tarnished” and would mean that the process in “now completely tarnished.”
So let me add a few words on behalf of those who have felt the process has been “completely tarnished” all along. I’m dragging out the overused “progressive” label as a convenience to describe those in NGOs/civil society who have been advocating for reform (or in some cases abolition) of the World Bank for many years.
For us, whichever way the decision goes represents a partial victory. If Ngozi is chosen it will be a victory for overturning the process, particularly if the US is defeated in procedural vote. It would change forever the assumptions of how the Bank is run, and hopefully would mean change in the quota system that governs how other high-level positions are chosen.
But it would also be a victory for the status quo. Continue reading