World Bank Board to hold a straw poll Friday

Reuters is reporting that the Board of Executive Directors will hold a “straw poll” this Friday, ahead of the formal vote on the 16th. The usually well informed, Lesley Wroughton, writes “The board meets on Friday to conduct a straw poll to see if one candidate emerges as a clear favourite. It is expected to announce its choice on April 16, in time for the IMF and World Bank meetings of global finance leaders in Washington the same week.”

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 1: Before

That 66th birthday month of his, March 2012, was auspicious for adding a little spice to his dreary life, but no, it just can’t last. Born in March 1946 alongside his evil twin, IMF, in Savannah Georgia, after conception in what must have been a rather sleazy New Hampshire hotel (the ‘Bretton Woods’) in mid-1944, the old geezer known as the International Bank for Reconstruction and Development, or much better by his nickname World Bank (but let me just use WB), really ought to be considering retirement. Continue reading

Former World Bank senior managers send an open letter to the Board

As reported earlier today by the AFP, “In an open letter, 39 former managers and economists called on the Bank’s executive board to make their decision on merit, when the board considers more than one candidate for the job for the first time.”

Here is the letter in full: Continue reading