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.
Category: International Organizations
Why Isn鈥檛 The World Bank鈥檚 Choice of Chief Economist More Controversial?
This week it became clear that Paul Romer as its next Chief Economist. As Chief Economist he鈥檒l have the overall responsibility of the Bank鈥檚 research program and be able to shape the developments of the highly influential development institution. Commentators have named the choice of Chief Economist , , , . The choice of World Bank Chief Economist rarely garners this much attention 鈥 so, why the fuss?
Global Development Goals: If at All, Why, When and How?
By Ingrid Harvold Kvangraven
Last week, the 鈥淪ustainable Development Goals鈥 (SDGs) were launched at the UN in New York. This is the outcome of two years of consultations, lobbying, and debate about what the should look like. The assumption has been that the Millennium Development Goals (MDGs) were a huge success and that we, therefore, must proceed with a new round. Unfortunately, this assumption is not backed by empirical evidence.