[...] The Bretton Woods institutions will also be the subject of some attention in New Delhi. Having missed the opportunity last year to collectively lobby that the IMF executive seat go to a developing country candidate, Brics will be looking to influence the outcome of the World Bank appointment, due in June, when current head Robert Zoellick steps down.
Although the Brics leaders may opt to push for a developing nation candidate ahead of the summit, a more likely tactic appears to be to break the traditional stranglehold of the Washington-Wall Street axis, but back an alternative Northern hemisphere, or US, candidate. Among the possible candidates is economic professor Jeffrey Sachs, a director of Columbia University's Earth Institute, a strong critic of the World Bank's track record, accusing it of "blunders of huge proportions". - South Africa: A Ton of Brics http://allafrica.com/stories/201203120241.html -- Robert Naiman Policy Director Just Foreign Policy www.justforeignpolicy.org [email protected] _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
