CSIS The Hill Article | The U.S. Must Preserve the World Bank Presidency

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U.S. must preserve the presidency of the World Bank
January 10, 2019
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"United States must preserve the presidency of the World Bank"
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Daniel F. Runde
January 10, 2019


The CSIS Project on Prosperity and Development would like to share Daniel F. Runde’s latest article published in The Hill, “** The United States must preserve the presidency of the World Bank (https://thehill.com/opinion/finance/424697-united-states-must-preserve-the-presidency-of-the-world-bank?utm_source=CSIS+All&utm_campaign=b8d6b7d6f8-EMAIL_CAMPAIGN_2019_01_10_03_59&utm_medium=email&utm_term=0_f326fc46b6-b8d6b7d6f8-145367789)
.”

On Monday, World Bank president Jim Yong Kim unexpectedly resigned, and the search for a new American candidate should begin immediately. The United States has always held the presidency at the World Bank, and the next president should also be American. ** In this article (https://thehill.com/opinion/finance/424697-united-states-must-preserve-the-presidency-of-the-world-bank?utm_source=CSIS+All&utm_campaign=b8d6b7d6f8-EMAIL_CAMPAIGN_2019_01_10_03_59&utm_medium=email&utm_term=0_f326fc46b6-b8d6b7d6f8-145367789)
, Daniel Runde discusses the qualities that the next World Bank president should possess – such as knowing Africa well, being well-liked by the international community, and having experience managing large organizations – and who the United States should seek support for its candidacy from. With support from key allies and partners like Japan, France, Saudi Arabia, Brazil, South Korea, and Mexico, among others, the United States should have enough votes to maintain the World Bank presidency. The stakes of losing the World Bank presidency are higher than we realize and, if we lose it, we will not get it back.

To learn more about the importance of the World Bank, its presidency, and the role of our allies in maintaining it, ** read the full article here (https://thehill.com/opinion/finance/424697-united-states-must-preserve-the-presidency-of-the-world-bank?utm_source=CSIS+All&utm_campaign=b8d6b7d6f8-EMAIL_CAMPAIGN_2019_01_10_03_59&utm_medium=email&utm_term=0_f326fc46b6-b8d6b7d6f8-145367789)
.

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