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World Bank Blog (4)

Extract from a speech by Helen Clark, UNDP Administrator "It is not difficult to draw up an inventory of global institutions and mechanisms which are struggling to reach decisions": The veto power in the UN Security Council can be a block to decisive action.The annual meetings of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change have often struggled to reach agreement.The UN Commission on the Status of Women failed to produce an agreed outcome this year.The Commission on Sustainable Development ended its nineteenth session, in May 2011, unable to agree on policy decisions on…
The selection of Dr. Jim Yong Kim as the next World Bank president offers two lessons on international economic governance diplomacy to South Africa and Africans and a warning to the Bank.
Friday, 16 March 2012 00:00

SA should lead in putting Africa first

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The existing global economic governance arrangements are failing. They are incapable of dealing with our challenges of poverty, inequality, unemployment and environmental degradation. Nevertheless, they are proving to be exceptionally resistant to change. Although the old powers -- primarily Europe and the United States -- have lost some of their authority, they have demonstrated that they will not easily surrender control and are still capable of imposing their will on the international community in matters of most interest to them.
Wednesday, 07 March 2012 00:00

Electing a new female head of the World Bank

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The World Bank needs a new president. Historically, he has been selected by the US president. This is unacceptable and must change. In fact, there is agreement that there should be a transparent and merit-based selection process. That the Europeans and their allies reneged on this commitment when they selected Christine Lagarde as the MD of the International Monetary Fund makes it even more important that the World Bank sets the precedent of how a transparent and merit-based selection process should work. Doing so will require the BRICS countries (Brazil, Russia, India, China, SA) and the other emerging market members…

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