15 March 2006

Reform of World Bank and IMF?

One of the things that is available to us that was not really possible in Jesus' time is the potential to change governance and thinking that it may be possible to affect poverty for good by changing structures and processes. Given Jesus' mission among the poor and teaching about how he relates to the poor and therefore how we should respond to poverty. So I am interested in and affirmative of Hilary Benn's thoughts here.
"Perhaps we should move towards a rules and merit-based process for appointing the senior management of all the international financial institutions," said Mr Benn.
"Is it really acceptable that the presidencies of the World Bank and the IMF should be restricted to European and US nationals respectively, because of a cosy deal made 60 years ago?"

It would be a positive step towards empowering the developing nations and redressing inequalities of power which are cashed out in economic terms.
Guardian Unlimited Politics | Special Reports | Benn calls for reform of World Bank and IMF:
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