23 March 2015
In what can only be seen an unexpected Chinese success, several US allies have agreed to participate in China and India's Asian Infrastructure Investment Bank. The UK not only appeared to break ranks with the US, but seemed to have preempted its European partners as well. Once the UK expressed interest, it was if a dam burst and quickly others signed up as well.
19 March 2015
On 12 March 2015, the United Kingdom submitted its application to become a prospective founding member of the China-led Asian Infrastructure Investment Bank (AIIB). The application created a major diplomatic spat between the UK and the US. A spokesperson for the latter criticised the UK for its ‘constant accommodation’ of China.
11 April 2012
Rumours suggest that the US is likely to insist on maintaining the perverse selection process in which it gets to pick the World Bank’s president. But while Jim Yong Kim may be a good candidate, no single country should effectively decide who gets the job. Should America continue to insist on controlling the selection process, it is the Bank itself that would suffer.
2 April 2012
Until now, the United States had been given a kind of carte blanche to nominate anyone it wanted to the World Bank presidency. That is how the Bank ended up with several inappropriate leaders, including several bankers and political insiders who lacked the knowledge and interest to lead the fight against poverty. But the nomination now of Jim Yong Kim could be a breakthrough for the US, and most importantly, the World Bank.
5 March 2012
The World Bank’s central mission, when it was established in 1944, was to reduce global poverty and ensure that global development was environmentally sound and socially inclusive. However, since then the Bank has only served as an extension of US foreign policy and commercial interests.
NEW YORK – The world is at a crossroads. Either the global community will join together to fight poverty, resource depletion, and climate change, or it will face a generation of resource wars, political instability, and environmental ruin.
1 March 2012
With Robert Zoellick departing in June as President of the World Bank, the Bank requires a new selection process that will enable it to choose the most qualified person, regardless of nationality. More importantly, it needs to identify the qualifications needed to run the Bank at a time when its role must be adapted to far-reaching global changes.