Ambassador Robert Zoellick ‘s confirmation today as the new president of the World Bank is a vital opportunity for a new deal at the Bank, following the controversial exit of its previous president, said international agency Oxfam today.
“Zoellick must begin a series of reforms in his first 100 days to create a new deal between the Bank and the world’s poor. We can’t continue with business as usual,” said Jeremy Hobbs, Executive Director of Oxfam International.
This would include changing the goals of the Bank, stopping inappropriate strings to Bank lending, reforming the governance structures, and overhauling the Bank’s research work.
“For too long the Bank has paid lip service to the Millennium Development Goals (MDGs) but has never genuinely put them at the heart of its work. World Bank success should be measured by what contribution it has made to helping countries achieve the MDGs – not by the amount lent, or whether or not they’ve implemented certain blueprint policies," said Barbara Stocking, Executive Director of Oxfam Great Britain.
See full Press Release.
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