IFI governance


Summmers Calls For Transparent Selection

14 June 2000

US Treasury Secretary Lawrence Summers has suggested that the Fund and Bank should set up outside advisory committees which would choose new heads for the institutions from a panel of candidates. The committee should be representative of the lending agency and the criteria for choosing leaders should be made public. However, whilst calling for a more inclusive selection process he would not immediately do away with “current traditions” ie that candidates are limited to US and European nationals.