Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Jairam Ramesh Becomes ‘Online Contender’ to Head World Bank

Jairam Ramesh Becomes ‘Online Contender’ to Head World Bank

Share this article Share this article
published Published on Feb 23, 2012   modified Modified on Feb 23, 2012
-The Times of India
 
Can Jairam Ramesh become the next president of the World Bank? Unlikely, but in the steady drumbeat of the demand that the next World Bank president must come from the developing world, the rural development minister’s name is being heard alongside several other competent names from the wrong side of the poverty divide. 
 
An independent website, worldbankpresident.org, which is running a poll on who should be the next World Bank president, is pitting Ramesh as a likely candidate, alongside former Brazil president Luiz Inácio ‘Lula’ da Silva, Indonesian economist Mulyani Indrawati, Nigeria’s finance minister Ngozi Okonjo-Iweala and former Chilean president Michelle Bachelet. 

As rural development minister, Ramesh, trained both in engineering and economics, administers the Mahatma Gandhi National Rural Employment Scheme, among the largest welfare programme in the world, and is responsible for a key reform measure in the offing — the Land Reforms Bill. 
 
World Bank current president Robert Zoellick is stepping down on June 30. He is an American, like the 10 others who held the job before him since 1946. It has been an uninterrupted custom since the 1944 Bretton Woods conference that the IMF and the World Bank, the twin institutions that emerged from the Mount Washington Hotel in New Hampshire, are headed, respectively, by a European and an American. The arrangement is a legacy of the prevailing global order of power. Much has changed since then. 

There has been a view, gaining steady currency around the world that the president of the World Bank, whose mission is to reduce poverty, must come from the developing world. As ET noted in an editorial this week, the Bank’s operations are limited to the developing world. As the US and Europe battles economic crises, their ability to contribute to the Bank’s funds are also under threat. US lawmakers have already initiated moves to curtail American contributions to the Bank’s corpus. The Bank’s 25 executive directors will pick the president on April 22. The last day to submit nominations is March 23. Lawrence Summers, former economic adviser to the US president, US secretary of state Hillary Clinton and Bank of Israel governor Stanley Fischer are among the most prominent names being speculated as successors to Zoellick by the website.

The Times of India, 22 February, 2012, http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETD/2012/02/22&PageLabel=3&Entit


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close