The joint draft report from the Executive Board Working Groups reviewing the leadership selection processes of the World Bank and IMF recommends that candidates could be nationals of any member country, and that Executive Directors should agree on a shortlist and make an appointment by consensus. If implemented, the new process could offer more flexibility than the current process where European and US governments put forward candidates for the IMF and Bank leaders respectively. In practice there is nothing in the recommendations that would prevent powerful countries continuing to impose their candidates.
In the news
This briefing analyses the role of the Bank and Fund in the UN Financing for Development negotiations.
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