The World Bank’s Recipe for Irrelevance
World Bank President Jim Yong Kim’s nomination for a second term is moving forward with a lack of transparency that has become all too typical. The US monopoly over the Bank's top position has resulted in one disastrous pick after another, yet few member countries seem to care enough to do anything about it.
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PHILADELPHIA – World Bank President Jim Yong Kim’s nomination for a second term is inexorably moving forward with a lack of transparency that has become all too typical. Many observers are once again gnashing their teeth at the United States’ continued monopoly over the top post, despite the poor performance of past US nominees. As the late Yogi Berra once put it, “It’s like déjà vu all over again.”