world bank

Call for US to Lead to End World Bank Tradition

Nigerian finance minister and a nominee for the World Bank top post, Ngozi Okonjo-Iweala, says that the United States (US) should take the lead and break the long tradition of an American always heading the bank.

Speaking after a ‘marathon’ three-and-a-half-hour interview by the World Bank board, Okonjo-Iweala, pointed out that the decision on who leads the global development institution should go to the candidate with the best skills for the job.

Okonjo-Iweala for Top World Bank Job

Nigerian Finance Minister, Ngozi Okonjo-Iweala, challenger for the top job at the World Bank, says emerging-market countries need to be given a voice in running things.

Okonjo-Iweala points out that, "The balance of power in the world has shifted and emerging market countries are contributing more and more to global growth - more than 50 percent - and they need to be given a voice in running things."

World Bank Job for SA Academic

Professor Barney Jordaan, adjunct faculty member of the University of Stellenbosch Business School, will serve as a mediator with the World Bank Group Office of Mediation Services.

In a press statement, the faculty points out that, “Prof Jordaan is among only a handful of people who are selected  as external consultants to the bank based on their extensive knowledge of workplace and labour law, civil rights law, dispute resolution theory, and practice and mediation.”

World Bank Pledges Support for CSOs

The World Bank says it will support Nigerian civil society to make government more accountable to the people.
In a press statement, the bank’s president, Robert Zoellick, affirms that citizens' participation and good governance are crucial for economic development in any country.
"Our message to our clients, whatever their political system, is that you cannot have successful development without good governance and without the participation of your citizens,” argues Zoellick.

NOGAID Welcomes World Bank Package to Poorest Nations

International development organisation, Northern Ghana Aid (NOGAID), has lauded the US$49.3 billion World Bank Group assistance package to poorest countries under the International Development Authority (IDA 16) of the bank.

NOGAID executive chairperson, Mustapha Sanah, notes that the climate is right to improve on the fragile economies of Africa and maximising growth through investment in areas that will improve the well-being of the people.

World Bank Frees Up Development Data

The World Bank Group said today it will offer free access to more than 2,000 financial, business, health, economic and human development statistics that had mostly been available only to paying subscribers.

The decision─part of a larger effort to increase access to information at the World Bank─means that researchers, journalists, nongovernmental organizations (NGOs), entrepreneurs and school children alike will be able to tap into the World Bank's databases via a new website,

NGOs Criticise World Bank Over Climate Change Funds

Environmentalists have protested outside the main entrance to the United Nations climate conference in Poznan in an attempt to keep the World Bank from controlling climate change finance.

International Finance Campaigner Karen Orenstein with Friends of the Earth US says: "The World Bank is not a credible institution to play any role in addressing the climate crisis. Its Climate Investment Funds are irreparably flawed and should be shut down."

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