On Friday evening, the governors of the European Bank for Reconstruction and Development (EBRD) selected a new president: British civil servant Sir Suma Chakrabarti. The decision is important because the EBRD has recently taken on a major global challenge: assisting the countries of the Arab Spring. It also matters because the selection process raised the bar for open, transparent and merit-based leadership selection at other international institutions, including the World Bank, IMF and the other regional development banks.
CGD Policy Blogs
This is a joint post with Christian Meyer.
One of the pressing questions for Jim Kim in the years ahead as the World Bank’s new president is what to do as many countries graduate out of IDA, the bank’s fund for grants and concessional loans to the poorest countries. To generate ideas and possible directions for IDA’s business model, CGD has convened a Future of IDA Working Group. The group’s final report with recommendations is due out in early summer, in time for ample discussion prior to the IDA 16 Mid-Term Review this fall.
On Friday the Governors of the European Bank for Reconstruction and Development (EBRD) will decide who will be the Bank’s next President. Today we are publishing interviews with four of the candidates.
The European Bank for Reconstruction and Development (EBRD) will appoint its next president in ten days, after months of deliberation. Many in the international development community are pushing for the process to be open, transparent and merit-based--a rallying cry you'll recall from the recent World Bank presidential selection process. On behalf of CGD Europe, We've invited each of the five EBRD presidential candidates to join me for podcast interviews on their vision for the bank's future.