World Bank presidency and the moral aspiration

[Edited version published by  Joongang Daily – April 9th, http://koreajoongangdaily.joinsmsn.com/news/article/Article.aspx?aid=2951130]

Dr. Kim and Ms. Ngozi

When the US president Barack Obama recently nominated Jim Yong Kim to head the World Bank, debate arose regarding who among the other formidable candidates was best qualified for the top job.

Ms Okonjo-Iweala, Nigeria’s finance minister and former Colombian finance minister José Antonio Ocampo are other frontline candidates. Jeffrey Sachs, with massive experience in development and poverty eradication programs would have made a decent entrant. Well, that’s life, isn’t it?

I have no doubt that Dr. Kim, a Korean-American public-health expert, can make an exceptional head of the World Bank having led World Health Organization’s global body on AIDS/HIV, an significant public health body. I also have no doubt that Ngozi, a World Bank savvy insider, can bring in her experience and development perspective which is an important ingredient to regions yearning for crucial development.

And of course, Mr. Ocampo can also inject his expertise of international finance and perhaps a fresher cog to the South-South cooperation which is getting attention in its role in the global economy.

Admittedly, debate still lingers over the candidates and their merit on proficiency in global economic development which is seemingly what the World Bank is about. The debates may continue but what matters at the end of the day is whether the new president Read the rest of this entry »

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