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”

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.

Ocampo hits back

Ocampo has finally flexed his muscles in the WB President race, arguing in a FT interview that Jim Yong Kim “lacks expertise”. Ocampo says:

“I think in terms of development expertise it is quite clear to everyone that the finance minister of Nigeria and myself stand above the US candidate, who has very narrow expertise in development. He is an excellent physician, nobody denies that, but we’re talking about a development institution.” Continue reading

“Ready. Steady. Ngo”

In a very pointed editorial, the Economist comes out in support of Ngozi without mincing words. In “Hats off to Ngozi:  A golden opportunity for the rest of the world to show Barack Obama the meaning of meritocracy”, the Economist puts its argument this way:

“For almost 70 years, the leadership of the IMF and World Bank has been subject to an indefensible carve-up. The head of the Continue reading

Kim calls for “an open, inclusive World Bank”

As US nominee Jim Yong Kim sets off on a global “listening tour” to promote his candidacy, he has declared his priorities for the Bank in an FT op-Ed. While thin on actual policy content, Kim gives strong support for “an open, inclusive World Bank” which “must give developing nations a greater voice.” He also attempts to calm the ‘anti-growth’ storm, by confirming that he recognises “that economic growth is vital to generate resources for investment in health, education and public goods.” Continue reading

We beg to differ Mr. President

Two opinion pieces today, in the FT and Bloomberg, put forward the argument that Obama should have supported the nomination of Ngozi instead of proposing Jim Yong Kim.
In the FT’s “Obama made the wrong World Bank call”,  Edward Luce says ” if the World Bank board was required to find the best-qualified candidate for the job – Dr Kim would be unlikely to find himself on a shortlist of three. In contrast, Ngozi Okonjo-Iweala, the only African in the running, would be among anyone’s top picks. But the process doesn’t work like that. In spite of Mr Obama’s internationalist aspirations, Continue reading