“the World Bank is not a health charity”

A very convincing argument in support of Ngozi Okonjo-Iweala as President of the World Bank, at least me-thinks, by Maha Atal in Forbes Magazine;

“By far the most important reason to appoint Okonjo-Iweala is that she has experience on both sides of the table in the international lending negotiations that are the bread and butter of the Bank’s work. Continue reading

A fairer assessment by the Wall Street Journal

Unlike the usual tirades against anything pro-development and the blind support for Paul Dundes Wolfowitz and the dismantling of the World Bank, typically offered by the editorials of the Wall Street Journal, as in this one few days ago’ “Jim Kim to the World Bank: The Dartmouth president is better than the bank deserves.”

Sudeep Reddy in today’s edition offers a more reasonable assessment of Dr. Kim titled  ” U.S.’s World Bank Pick Draws Criticism”

Over 100 economists endorse Ocampo

The great and the good are weighing into the World Bank President debate – in addition to the senior Bank staffers coming out in support of Okonjo-Iweala, over one hundred well respected economists have come out for Ocampo.  Here’s what they had to say:

We the undersigned economists, endorse the candidacy of Jose Antonio Ocampo for President of the World Bank.  Throughout his career Dr. Ocampo has managed and reformed national ministries of finance, agriculture and planning, and regional and global UN Agencies pertaining to economic development and social affairs.  Furthermore, he is one of the most noted development economists of our time.  It is our view that based his relative merits, Dr. Ocampo is the most suitable candidate for World Bank president.

Signatories (as at 1130 GMT 5th April- more are being added all the time) Continue reading

“Whose World Bank?”

Joseph E. Stiglitz, a Nobel laureate in economics and former Chief Economist of the World Bank weights in the debate with an opinion piece in Project Syndicate:

“Should America continue to insist on controlling the selection process, it is the bank itself that would suffer. For years, its effectiveness was compromised because it was seen, in part, as a tool of Western governments and their countries’ financial and corporate sectors. Ironically, even America’s Continue reading

Ngozi calls for a televised debate

In an interview published today in the New York Times, Ngozi Okonjo-Iweala calls for a televised debate between the three candadetes for the position of President of the World Bank:

” I think the media should call for a debate of the three candidates, like you have for other important positions, to see who really knows what they are doing. Let’s all of us have a televised debate showing the world what we can do, so people can judge for themselves who is the most qualified to lead.”

Wednesday crunch time – candidates to meet EU Governors

One of the most important days for the selection process may turn out to be Wednesday 4 April. We have learned that “the Danish EU-Presidency intends to provide an opportunity to the EU World Bank Governors to have an exchange with all the three candidates for the position of the World Bank Group President. … It will now be held on Wednesday, April 4 2012, from 10:00 a.m. to 1:00 p.m. in Brussels.

So the finance/development/foreign minsters from the EU 27 Continue reading