wp.com: Choosing a World Bank President (the process)

[DeepModem Mom]

Choosing a World Bank President
washingtonpost.com Staff Reports
Wednesday, March 16, 2005; 11:39 AM


The 24 executive directors of the World Bank, who are appointed or elected by member countries, choose the Bank president. The Bank president is traditionally an American selected by the United States. A European is selected to head the International Monetary Fund, the other major international finaincial institution. However, neither the Bank nor the IMF have formal selection rules dictating the nationality of the institutions’ heads.

Candidates for president are put forth by member states’ executive directors. Paul W. Wolfowitz would be the 9th World Bank president. The president serves an initial five-year term which may be renewed by the executive directors for five years, or shorter, with no limit to the number of terms.

In April, 2001, a World Bank working group recommended a new series of procedures to assist in selecting a president. The panel’s report called for an advisory group to help develop a list of qualifications and potential candidates. But the selection process by the executive directors was unchanged.

Composed of 183 member countries, the World Bank promotes economic development in impoverished and indebted countries by providing long-term financing and guidance for Bank-approved programs and projects.

The World Bank is comprised of five closely associated organizations that pursue the same overarching goal of poverty reduction....


http://www.washingtonpost.com/wp-dyn/articles/A40172-2005Mar16.html

[bowens43]

1. This would be an excellent opportunity for the world

to express it's displeasure with the bush administration. Let's hope that the next president of the World Bank is NOT an American.

[AlCzervik]

2. well at least he's not heading the IMF, i'm sure he'll fuck with it anyway

[meegbear]

3. If the Bishop of Rome can be a Pole ...

let's hope fucktard doesn't get it.

[mhr]

4. World Bank President - AKA - World Raper And Pillager

See "Confessions of an Economic Hit Man" by John Perkins.



Book Link

http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?userid=vi5HlQ7BfB&isbn=1576753018&itm=1

Interview Link

http://www.democracynow.org/article.pl?sid=04/12/31/1546207&mode=thread&tid=25

[KoKo]

5. Well...Wolfowitz is a great choice then. He's supported rapists and

pilligers all his life. Now he get's to be the Big Man on Campus!
:puke:

[Voltaire99]

6. Well pointed out, MHR (n/t)