Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (18880)	5/27/2007 3:53:46 AM
From: elmatador	Respond to of 217821

Brazil criticizes selection process at World Bank, IMF urged an 'open and transparent process Brazil criticizes selection process at World Bank, IMFMay 27, 2007, 1:03 GMT Brasilia - Brazil on Saturday criticized the selection process for leaders of the International Monetary Fund and World Bank, which is in the process of choosing a new head after the ouster of its president, Paul Wolfowitz. Brazil's Treasury in a statement urged an 'open and transparent process, without restricting candidacy to one nationality.' By tradition since the two development banks were established, the United States picks the head of the World Bank and Europe chooses the IMF leader. 'At a time when the legitimacy, representation and efficacy of the World Bank and IMF must be restored, it would be lamentable if the election of a new president ... was not based on the merit of the candidates presented by any member of the institution,' the Treasury said. Wolfowitz will leave as president on June 30 after being mired in an ethics scandal that involved a hefty pay-increase for his girlfriend when he took over the bank in 2005.