Brazil Challenges US Prerogative to Name Next World Bank President

[BurtWorm]

Brazil: A nation of commie pinko dirtbags. :toast:


http://www.ft.com/cms/s/d8f78952-08b8-11dc-b11e-000b5df10621.html

US challenged to open up World Bank job

By Krishna Guha in Washington

Published: May 23 2007 00:41 | Last updated: May 23 2007 00:41

Brazil’s representative at the World Bank on Tuesday challenged the tradition by which the US decides who will be the bank’s president.

In a note to colleagues, Brazil argued that the board be allowed to chose between more than one candidate, based on merit.

Otaviano Canuto’s proposal comes sharp on the heels of a board battle that culminated in the resignation of Paul Wolfowitz, the bank’s president, who will leave on June 30. Mr Wolfowitz has given up almost all executive functions, and the day-to-day running of the bank was transferred on Monday to its six most senior remaining managers.

Many countries had wanted Graeme Wheeler, one of the two managing directors, to take over running the bank but the US insisted there would be no designated interim leader.

The board meets on Wednesday to discuss the selection process for the next president – a formality in the past, according to a tradition that sees the US nominate one of its citizens to be president, in return for a European heading the International Monetary Fund....

[TechBear_Seattle]

1. And so, as a result of croneyism, corruption and scandal...

The once dominant position of the United States slips away into history.

Thank you, President Bush!

[spanone]

2. It's about time someone did.

[BurtWorm]

3. kick for Commie Pinko Dirtbag

if he's in the neighborhood.

:hi: