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American World Bank president defends U.S. monopoly on World Bank presidency

Posted By admin On March 31, 2012 @ 3:43 am In Money Watch | Comments Disabled

Agence France-Presse [1]
March 31, 2012

Outgoing World Bank president Robert Zoellick said Friday that emerging markets were well represented among the Bank’s staff as he sought to deflect criticism of the US lock on the top job.

A nearly seven-decade carve-up has seen Americans lead the World Bank and Europeans head its sister organisation the International Monetary Fund.

But this year that is facing an unprecedented challenge from two developing-nation candidates, reflecting the increasing importance on the world stage of emerging economies.

“The top leader is an important role but not by any means the sole role,” Zoellick, a former US diplomat, told a news conference in New Delhi.

Full article here [1]

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[1] Agence France-Presse: http://www.rawstory.com/rs/2012/03/30/american-world-bank-president-defends-u-s-monopoly-on-world-bank-presidency/

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