---------- Forwarded message ----------
From: Center for Economic and Policy Research <[email protected]>
Date: Thu, Mar 1, 2012 at 4:23 PM
Subject: CEPR Co-Director Welcomes Jeffrey Sachs' Reform Candidacy for
World Bank President
To: [email protected]
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CEPR Co-Director Welcomes Jeffrey Sachs' Reform Candidacy for World Bank
President
*Supports a "Competitive Process" That Will Address Pressing Issues*
------------------------------
*For Immediate Release:* March 1, 2012
*Contact: *Dan Beeton, 202-239-1460
*Washington, D.C.*- Economist and health expert Jeffrey Sachs’
reported<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=nkYoBlN9XKhq0nIN2JsMRpFgcpmc2IoC>candidacy
for World Bank president is welcome news for the two-and-a-half
billion people around the world living in poverty, Center for Economic and
Policy Research (CEPR) Co-Director Mark
Weisbrot<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=7vU0ED4lZSaeiqC2HLaBkZFgcpmc2IoC>said
today. A Sachs presidency at the World Bank Group would likely make
economic development a top priority, Weisbrot added.
“Everyone should welcome an actual campaign, and a merit-based selection,
rather than just the U.S. government choosing a political or Wall Street
hack, which until now has been the process for selecting a World Bank
president,” Weisbrot said.
“If Sachs were to get the job, he would be the first World Bank president
with this kind of experience and knowledge of economic development – in
other words, the first president that would be qualified for the job. All
of the others have been bankers, politicians, or political appointees.”
Weisbrot added that “The World Bank is in need of serious reform. I hope
this newly competitive process will address the most important issues.”
While the Obama administration has yet to publicly put forward a
candidate, Bloomberg
reported<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=me1EdwLcqXyBXKRJfearTpFgcpmc2IoC>that
the administration’s former Chief Economic Advisor and former World
Bank Chief Economist Larry Summers may be under consideration. Over 37,000
people<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=qMaXiHX6E1N1sVovuGMvyXstX5COD6Vk>have
signed a petition opposing Summers’ possible candidacy due to past
comments denigrating women's intellectual capacity in math and science.
Critics of the World Bank's environmental policies haven't forgotten an
infamous memo Summers wrote while at the World Bank arguing that Africa was
“underpolluted.”
Sachs, Weisbrot noted, has made economic development strategies to reduce
poverty and inequality a cornerstone of his work, having served as Director
of the UN Millennium Project and Special Advisor to UN Secretary-General
Kofi Annan on the Millennium Development Goals; and in his current capacity
as President and Co-Founder of Millennium Promise Alliance, a nonprofit
organization aimed at ending extreme global poverty; and as Director of the
Earth Institute at Columbia University.
Weisbrot said that Sachs has the necessary experience to fight for reforms
that civil society groups and affected communities have long demanded, such
as greater transparency, exemption of primary health and education from
budget cuts in low-income countries, greater support for agricultural
development and access to essential medicines, and an end to funding of
fossil fuel and other environmentally destructive projects.
The *Financial Times* referred to Sachs’ likely candidacy in an
article<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=9AnKaJRmv4pXQdoAq6M0wZFgcpmc2IoC>Wednesday,
saying he has “declare[d] his interest in the job.” Sachs
published an
op-ed<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=QosGYeeQF2E0YvahzmF7g5Fgcpmc2IoC>this
week detailing some of the reforms he wants to see implemented at the
World Bank.
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