World Bank’s president and future

The US nomination for the presidency of the World Bank, and the global media commentary it has triggered, are profoundly disconcerting. Why? Because the Bank’s stature, significance and utility is enhanced or diminished by the stature/calibre of its leader. It is the quality of its president that makes or breaks the Bank. It is not the Bank that makes or breaks the president. There is not much room for learning on the job. The last time the Bank had a leader of global stature, with instant name recognition, was when Robert S McNamara was its president.

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