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The process of selecting a new World Bank president has started. Pundits are already criticizing the process for being rushed, closed, and favoring the re-selection of the current President Jim Kim. This serves as a reminder of how political the international financial institutions are, although they often present themselves as being technical and apolitcal.

Last week’s that The World Bank’s presidential selection process has started stirred up controversy, as the selection process doesn’t seem to be open, transparent, and merit-based. Ironically, this institution that preaches good governance abroad, does not live up to basic good governance standards, such as transparency and merit-based appointments, at home. The selection of Jim Kim in 2012 was in keeping with the gentlemen鈥檚 agreement that an American leads the World Bank and a European leads the IMF, although the institutions claim to have moved on from this seemingly outdated agreement to a .

Although the Bank鈥檚 Executive Directors allegedly 鈥渦nanimous support for an open, merit-based and transparent selection,鈥� they gave member countries only three weeks to submit their candidates 鈥� with a deadline of September 14^th. have rightly pointed out the absurdity of this short deadline, as Kim鈥檚 term does not end until June next year. As the Head of the World Bank Staff Association Daniel Sellen put it: 鈥淚t takes us six months to hire a junior economist. Why are we taking just a month to hire a president?鈥�

Although the nomination period is similar to that of the IMF earlier this year (), there鈥檚 that the process has been accelerated in order to ensure the re-selection of Jim Kim before the next President of the United States take office 鈥� in case the President is Donald Trump, who might not automatically pick Jim Kim.

The World Bank Staff Association has even to the Executive Directors of the Board of the Bank, calling for an open process for selecting the World Bank President and an end to backroom deals. There is really no good reason that this process should not be open to candidates across the world, as reappointments are uncommon at The World Bank (only two of twelve presidents have been reappointed, namely Robert McNamara and James Wolfensohn).

Although the Bank itself claims the selection of Jim Kim in 2012 was open, transparent and merit-based, at the Bank report of overwhelming support for Ngozi Okonjo-Iweala, former Minister of Nigeria, and political tactics by the US to secure an American candidate. , US officials at the time argued that Obama could not afford to either 鈥渓ose鈥� or 鈥済ive away鈥� a traditionally American position at the time, but that 鈥榥ext time鈥� the selection process could be more open.

There has been much discussion on the blogs already and the open maintained by the has been revitalized. Here’s a selection of blog entries:

(September 1^st 2016, worldbankpresident.org). Coordinator of the Bretton Woods Project, Luiz Vieira, picks up where this blog left off in 2012. Looks like this blog won’t be used for actual debate on the relative merits of various candidates from around the world this time around either, but instead much-needed critique of the selection process.

(September 1^st 2016, worldbankpresident.org). Director of Eurodad, Jesse Griffiths, points out that apparently Eurodad鈥檚 selection of interns is more rigorous than the selection of the head of the World Bank.

(Center for Global Development, August 30^th 2016). Lant Pritchett points out that The World Bank has yet to be led by a woman. He suggests a few women who he considers to be qualified candidates to lead the Bank.

(DEVEX August 25^th 2016) Interesting reporting by Michael Igoe with several inside sources. The World Bank reacted very negatively to this article (scroll to the bottom to see their comments).

(Center for Global Development, August 17^th 2016). Lant Pritchett points out that there is no reason for this selection process to not be open, merit-based, and transparent. Although Obama may not have been able to afford to give away a traditionally American position at the time, US officials had argued that next time the process could be more open and transparent. This time is that next time.

Pieces from the last round that resurfaced:

(Foreign Affairs March 5, 2012). Funny article by Bill Easterly expressing his gratitude for not being nominated to lead the World Bank because of how fundamentally he disagrees with its purpose and practice.聽

(Center for Global Development, February 15^th 2012). This post by Nancy Birdsall at CGD, resurfaced this week as pundits were discussing whether this position is actually of much significance. She points out that the World Bank management actually has a lot of power in the Bank.

Photo: Regardless of your opinion on Jim Kim’s merits as the leader of the World Bank, I think we can all agree he’s a pretty聽 (Kim enters the stage at 2.00).