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Media Coverage Mar 2012

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The World Bank is flirting with irrelevance

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Oxford Martin School Director,Professor Ian Goldin, writes in the Financial Times

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President Barack Obama will soon decide on a new World Bank president. Once again, the Bank’s remaining 186 shareholders are spectators of the scandalous bilateral deal that since 1946 has allowed Europe to claim the International Monetary Fund and the US to appoint the head of the Bank. With emerging markets now accounting for more than half the global economy, there is no excuse for delaying a global search for the best-qualified candidate.

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Ian Goldin
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