Paul Wolfowitz' nomination as World Bank president was approved by the board 31 March. Observers from across the political spectrum have denounced the selection process.
IFI governance
Analysis
Kept in the dark: The World Bank, the IMF and parliaments
10 April 2005
Parliamentarians from across the globe have signed on to the International Parliamentarians' Petition. They believe that parliamentarians should be the final arbiters of economic decisions. Current practice, however, means they are not. The World Bank and IMF continue to pressure developing country governments to overrule or sideline their legislatures; a far cry from the principles of good governance which the institutions themselves espouse.
