President Paul Wolfowitz named two Europeans to senior posts in early September. Vincenzo La Via, former Italian Treasury official and Banca Intesa executive, was appointed chief financial officer. From 1985 to 1991 he worked at the World Bank, spending a year as advisor to the Italian executive director, and then working as senior investment officer in the treasury department. Lars Thunell, who served as chief executive of Sweden’s SEB banking group, was named the IFC’s executive vice president. Thunell was also recently appointed board member of Statoil, and is a board member of SLA, an international forestry and paper product company.
In the news
Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).