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    BRICS call for open selection of next World Bank chief

    Reuters – Sat, Feb 25, 2012 6:12 PM EST

    MEXICO CITY (Reuters) - A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasized it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC official said on Saturday.

    The official, speaking after a meeting of the BRICS - Russia, South Africa, Brazil, India and China - said the United States had not circulated the name of its proposed candidate for the World Bank.

    Asked whether emerging economies could field their own candidate for the post, the official said: "That is certainly a discussion we will have."

    (Reporting By Lesley Wroughton; Editing by Chizu Nomiyama)

    See all articles from Reuters
     

    8 comments

    • Dale
      Dale  •  2 months ago
      I have no problem with that...now we can start only contributing 1% instead of 20%.... let the BRIC pickup the slack!!!!!
    • Another View
      Another View  •  2 months ago
      2 of the 4 BRICS are, in effect, condoning the violence in Syria - just think what they would do as head of the WB
    • ln
      ln  •  Dallas, Texas  •  2 months ago
      Bush and Cheney did a good job for them as a team, they would be more than happy to run the show.
    • Godfrey
      Godfrey  •  Brooklyn, New York  •  2 months ago
      As others are asked to play a greater role, these others simply want a greater say. There's nothing wrong with that. However, if it does ruffle too many political feathers, then one could also suggest that those other nations might want to pool their resources to form their own consortium. Competition is supposed to be good for the market, so we'll just have to wait and see.
      • WildBillCody
        WildBillCody 2 months ago
        Yeh sure, with Russia, India and China all backing the worst dictators on the planet, YEH SURE! Let's give them more say..... Right....
    • sniper assassin
      sniper assassin  •  2 months ago
      reality check? no matter what nationality, it will be a jew-controlled clone.
    • Skeptic
      Skeptic  •  2 months ago
      How about a compromise? World Bank chief gets open election when Chinese president gets open election.
    • WildBillCody
      WildBillCody  •  Binghamton, New York  •  2 months ago
      Yeh... they'd like that wouldn't they.....
    • scdad07
      scdad07  •  2 months ago
      Quoting from a Ivy league prominent professor's 2/24/12 article regarding world bank:

      "American officials have traditionally viewed the World Bank as an extension of United States foreign policy and commercial interests...all 11 (designated by US gov't) have been Americans, and not a single one has been an expert in economic development....the US has selected Wall Street bankers and politicians, presumably to ensure that the Bank’s policies are suitably friendly to US commercial and political interests....."
      • WildBillCody
        WildBillCody 2 months ago
        And the Ivy league professor was who?
      • Another View
        Another View 2 months ago
        And the IMF is traditionally a European. Simple reason why - at the time of their establishment there wasn't another area of the world that had any money. If the Chinese are upset, let them set up their own RMB fund - of course they they would be 'interferring in the internal affairs' of others - which they will in no way support as it might happen to the, Much easier to complain and do nothing.
      • scdad07
        scdad07 2 months ago
        Good reads: "A World Bank for a New Word" and "How I'd fix the World Bank" 7/02/07 by Jeffrey Sachs.
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