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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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URLs in this post:

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

[2] World Bank president: ‘One shock away from crisis’: http://www.prisonplanet.com/world-bank-president-one-shock-away-from-crisis.html

[3] World Bank President: My Words Were Manipulated, I Don’t Support A Return To The Gold Standard: http://www.prisonplanet.com/world-bank-president-my-words-were-manipulated-i-dont-support-a-return-to-the-gold-standard.html

[4] World Bank President Zoellick Says Surging Food Prices Have Pushed 44 Million People Into Extreme Poverty: http://www.prisonplanet.com/food-riots-threaten-latin-america-on-surging-commodities.html

[5] BRICS Nations Plan New Bank to Bypass World Bank, IMF: http://www.prisonplanet.com/brics-nations-plan-new-bank-to-bypass-world-bank-imf.html

[6] World Bank warns that euro collapse could spark global crisis: http://www.prisonplanet.com/world-bank-warns-that-euro-collapse-could-spark-global-crisis.html

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