WB set to choose new president
The World Bank Group will choose its next president from among competent candidates who must be nationals of its member countries.
But past history shows that all WB presidents were citizens of the US, the largest contributor to the lending agency.
Current President Robert B Zoellick has already announced that he will not seek reappointment at the end of his term, which expires on June 30.
The WB Board of Executive Directors held a meeting in this regard in Washington on February 17.
They reconfirmed the importance of a merit-based and transparent process in the selection of the next president, with all executive directors able to nominate and consider all candidates, says a WB press release.
They also agreed that candidates should have a proven track record of leadership, experience in managing large organisations with international exposure and a familiarity with the public sector.
They must also have the ability to articulate a clear vision of the World Bank Group's development mission, a firm commitment to and appreciation for multilateral cooperation, effective and diplomatic communication skills, impartiality and objectivity.
Nominations should be submitted by March 23 and may be made by the executive directors or by WB governors through their executive directors.
Afterwards the executive directors will decide on a shortlist of up to three candidates and publish the names with their consent.
Formal interviews will then be held by the executive directors to hopefully select the new president by the Spring Meetings of 2012.
The Board of Executive Directors approved the process for the selection of the president in 2011.
For all latest news, follow The Daily Star's Google News channel.
Comments