Ideas to Action:

Independent research for global prosperity

Tag: Data & Transparency

 

Four Comments and a Suggestion for the World Bank Board

Last week the World Bank Board closed the three-week window, announced in late August, for member countries to nominate candidates for the presidency of the World Bank. Jim Kim, the US nominee and incumbent since his election in 2012, was formally nominated by the United States at 12:01 a.m. at the opening bell, so to speak. He is the sole candidate in what appears to have been a kind of insider coup by the United States (called a “charade” in a World Bank Staff Association letter to its members) of the procedures agreed by World Bank members in 2011.

SFRC on the Future of MCC

Earlier this week, CGD president Nancy Birdsall testified before the Senate Foreign Relations Committee at a hearing on the Millennium Challenge Corporation.  A main impetus for the hearing was the introduction this summer of legislation (S. 1605) that would enable MCC to pursue regionally-focused investments with eligible countries.  The hearing itself, however, was wide-ranging, covering the “current operations and authority” of MCC. 

Memo to Jim Kim: Please Follow Results, Not Money

One of the biggest hopes people expressed about Jim Kim’s nomination to become president of the World Bank was that he would bring a fresh perspective, focused on achieving results, rather than reinforce the institution’s bureaucratic machinery. Unfortunately, President Kim’s recent remarks at the Center for Foreign Relations suggest that bureaucratic inertia is winning.