In the news

Reuters: Germany backs U.S. nominee Kim for second term as World Bank president
The Star: Uhuru endorses World Bank President Jim Yong Kim for second term
All Africa: Rwanda and Benin Welcome Nomination of Dr. Kim for Second Term At the World Bank
Center for Global Development: Five Women Who Could Lead the World Bank
The Tribune: US nominates Jim Yong as World Bank chief for 2nd term
Government of the Netherlands: Netherlands supports second term for World Bank President Kim
Devex: Donald Trump won’t choose the next World Bank president
The New York Times: World Bank President Jim Yong Kim Is Nominated for a Second Term
The Wall Street Journal: Obama Administration Moves to Secure New Term for World Bank Chief Jim Yong Kim
U.S. Department of the Treasury: U.S. Nominates Dr. Jim Yong Kim to Lead World Bank for Second Term
Devex: Jim Kim to seek 2nd term at the World Bank
Public Finance International: World Bank rules out change to leadership selection process
Tempo: World Bank Begins President Selection Process
Financial Times: World Bank clears way for Kim’s second term
World Bank: World Bank Board Launches Presidential Selection Process
Center for Global Development: Excuse me, World Bank, This Time Is Last Time’s Next
Financial Times: World Bank staff challenge Jim Yong Kim’s second term

With Ngozi appearances deceive

Patrick Bond’s three part essay on the race for the presidency for the World Bank, published below, contains a long section on Ngozi. It is in part three and is well worth a read, as it one of the few times we have seen the Nigerain finance ministers record called seriously into question. Ngozi has been the subject of countless fawning op-eds from the commentariat in Washington and Europe, with very little analysis of her tenure at the Bank or in the Nigerian government. It seems strange that an elected official, nominated for such an important position, should not receive more scrutiny. She has run a smooth PR campaign thus far, and it seems journalists have exercised their energy on Kim, with little critical fuel left in the tank for Ngozi. Continue reading

Promise-breaking at the World Bank, Part 3: Contenders

It is onto the terrain of unprecedented global financial malgovernance that Kim now strides. To be sure, on the way, he’s being tripped up a little by disgruntled neoliberals like Reuters columnist Felix Salmon, who concludes, correctly, “the US government in general, and the Geithner-Clinton axis in particular, doesn’t actually want any real change at the World Bank. Change can only come from a strong president who is strongly supported by Continue reading

Promise-breaking at the World Bank, Part 2: After

If you want a world without poverty or species-threatening climate change, then let’s fast-forward a bit, to the point World Bank President Jim Yong Kim breaks your heart by endorsing what remains the world’s worst financial coal-addiction (http://www.brettonwoodsproject.org/art.shtml?x=569967), which in turn is required to power the world’s most active financing of Resource-Curse economics in some of the world’s most despotic regimes (http://www.brettonwoodsproject.org/art-569560). 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.”

Race heating up, in good ways and bad–a suggestion for integrity and transparency

As the world press begins to take an interest in the selection of Robert Zoellick’s successor, last week’s events prove one thing: Having a choice of candidates, for the first time, confirms that the job of World Bank president is important, and that stakeholders care. Continue reading

Ocampo and Iweala hit campaign trail: but where the hell is Kim?

Has anyone heard a peep out of Jim Yong Kim?  He wants to be President of the world’s most influential development institution, yet – as far as I can tell – he hasn’t given a single interview to any press outlet anywhere.

Meanwhile his two more experienced rivals are already all over the airwaves, often attacking Kim. Ocampo was on Bloomberg and had this to say to AFP:

“He is a very competent doctor, but if we speak strictly about development experience, the Nigerian minister and I amply surpass him.”

Iweala gave the Washington Postperhaps the most barbed quote of the week on Kim Continue reading

Good Reads

Few opinion pieces worth reading this Saturday morning.