Robert Zoellick has recently announced that he is stepping down as World Bank President on 30 June. A global coalition, including CIDSE, issued an open letter to World Bank governors calling for an open and merit-based process to elect the next World Bank leader. The coalition also argues that developing countries should determine the selection. As the Bank only operates in developing countries, and has most impact in low-income countries, any candidate that was not supported by these countries would seriously lack legitimacy. As the World Bank is in need of serious and genuine reform, the civil society coalition believes the selection of the new President is an essential place to start.
Follow the developments around the selection of the new World Bank leader at www.worldbankpresident.org.