Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Why does bush get to select the World Bank president?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
TheFarseer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-05 03:35 PM
Original message
Why does bush get to select the World Bank president?
I completely missed something. Why does the leader of one country get to pick the leader of the World Bank? Is that how it has always happened?
Printer Friendly | Permalink |  | Top
 
Liberal Democratic discussion forum
   Replies to this thread
  - The US (BUSH) has always chosen the Bank head. The EU choses the IMF.  JanMichael   Apr-06-05 03:38 PM   #1 
  - IIRC: the World Bank pres has always been an American.  rkc3   Apr-06-05 03:39 PM   #2 
  - The World Bank(and IMF) are funded by "Rich" Nations  Robbien   Apr-06-05 03:41 PM   #3 
  - Here ya go  Maple   Apr-06-05 04:22 PM   #4 
     - Looks like we're screwed, blew and tattooed  Ironpost   Apr-06-05 04:47 PM   #5 
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-05 03:38 PM
Response to Original message
1. The US (BUSH) has always chosen the Bank head. The EU choses the IMF.
At least that's what i've read.
Printer Friendly | Permalink |  | Top
 
rkc3 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-05 03:39 PM
Response to Original message
2. IIRC: the World Bank pres has always been an American.
Usually they are fine upstanding Americans with backgrounds in finance or economics - but since when did experience matter to bush?
Printer Friendly | Permalink |  | Top
 
Robbien Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-05 03:41 PM
Response to Original message
3. The World Bank(and IMF) are funded by "Rich" Nations
Votes in those organizations depend proportionately on how much money the nation kicked in. Past precident has been to allow the US to select the World Bank president and the EU to select the IMF president.
Printer Friendly | Permalink |  | Top
 
Maple Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-05 04:22 PM
Response to Original message
4. Here ya go
http://service.spiegel.de/cache/international/0,1518,34...

"The informal agreement, combined with the fact that the US has the most say in the World Bank due to its ownership of more bank shares than any other nation, makes the eventual approval of the US nomination a forgone conclusion"
Printer Friendly | Permalink |  | Top
 
Ironpost Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-05 04:47 PM
Response to Reply #4
5. Looks like we're screwed, blew and tattooed
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May 19th 2013, 12:39 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC