Jim Yong Kim’s statement after his appointment

From Lima, Jim Kim has been gracious and forward-looking in his official statement after his appointment was announced.

Let’s hope that the owners and the World Bank’s board will not again waste five years trying to forget what they did wrong this time in the appointment process, so that progressive voices will not have to again sit out a fulsome and reasoned discussion of the candidates’ merits.

But let’s not spend the next two years whining about this process.  Even a flawed process can have a good outcome.

Why Jim Kim should consider resigning as World Bank president-designate

The situation for the many constituencies hopeful about Jim Yong Kim’s ‘election’ as World Bank president is comparable to early 2009.

Recall, Barack Obama entered a US presidency suffering institutional crisis and faced an immediate fork in the road: make the changes he promised, or sell out his constituents’ interests by bailing out Wall Street and legitimizing a renewed neoliberal attack on society and ecology, replete with undemocratic, unconstitutional practices suffused with residual militarism. As president-elect, surrounding himself with the likes of Larry Summers, Tim Geithner, Paul Volcker, William Gates, Rahm Emmanuel and Hillary Clinton, it was obvious which way he would go. Continue reading

Russia backs Kim

Yesterday Russia joined the US, Canada, Mexico, Korea, and Japan in saying they will back Kim.  They have only 1.7 per cent of the votes at the Bank, but they do have one of the 25 board seats. And they’re the first BRICS country to come out for him.  Perhaps tellingly, their statement didn’t explain why they preferred Kim to his more experienced challenger, Okonjo-Iweala.  I expect this is the route those backing Kim for (misguided) geopolitical considerations will go. Praise Kim, don’t mention the alternative, or how they decided his merits were better than Okonjo-Iweala’s. We shall see soon enough.

It’s all over: Dartmouth has spoken

While Bank-watchers were expecting the final decision to be made next week, we should have paid more attention to more reputable sources.  I’m talking of course of Dartmouth College, the US Ivy League school no one outside of the US had ever heard of until its President was plucked from nowhere to run for the World Bank Presidency. Ok, Ok, I’m being unfair. Probably not that many in the US had heard of it either.

But we should all have paid more attention, as they were the first to officially call the outcome of the race. Yes, their head of media relations (a big job, now at least) tells us: Continue reading

An activist’s view of why Jim Yong Kim reflects change–via Professor William Easterly

NYU’s Bill Easterly, whose early alliance with CGD’s Lant Pritchett and other critics of Jim Kim has moderated over the past few weeks, has posted an important and carefully-reasoned contribution in defence of Dr Kim, and why Lant and his fellow travelers have it wrong.

Gregg Gonsalves, a long time AIDS activist and an Open Society Foundations Fellow, points out that traditional economists are backing the status quo, Continue reading