Some excellent candidates to head the World Bank and the IMF never get nominated because they lack the support of their own country—usually because the party they are affiliated with is not in power at the critical moment. Consider, for example, Ernesto Zedillo, a former president of Mexico who now heads the Yale Center for the Study of Globalization.
CGD Policy Blogs
New Documents Reveal the Cost of “Ending Poverty” in a Millennium Village: At Least $12,000 Per Household
Documents recently made public by the UK government reveal the cost of poverty reduction in the Millennium Villages Project, a self-described "solution to extreme poverty" in African villages created by Columbia University Professor Jeffrey Sachs. The project costs at least US$12,000 per household that it lifts from poverty—about 34 times the annual incomes of those households.
Why the unseemly rush to select the next president of the World Bank?
During one of my many virtual and real-time conversations this week on the contest for the World Bank presidency, John Paul Fawcett from RESULTS reminded me that we in global health world had just had a similar conversation about the transportability of leadership skills across disciplines and institutions when Gabriel Jaramillo -formerly of Banco Santander- took on the job of General Manager at the Global Fund for AIDS, TB and Malaria.
The World Bank has responded to concerns about its recent agreement with Google with a welcome announcement that it will only support mapping collaborations which make crowd-sourced data publicly available – and that means not collaborating this way with Google.