Monday, June 04, 2007

Appointing the World Bank President

Hey, here's something interesting that I just heard on the podcast at UprisingRadio.org. Turns out no where on paper does it say that the US President has to appoint the president of the World Bank. In theory, it seems that, anyone can put forth a nomination, it would just be a question of the World Bank board (I guess?) taking your nomination seriously. So, why does the US President get to name the head of the World Bank when there is nothing that promises him/her the right? Apparently, it was a courtesy that stuck. After WWII, back, when the WB (the World Bank, not the defunct TV network) and the IMF (the International Monetary Fund, not the Impossible Mission Force) were founded, Europe was allowed to select the head of the latter and the US Prez was allowed to choose the former. And this has been the FACT-O-THE-DAY! I hope you enjoyed it as much as I did!

Orignal From: Appointing the World Bank President

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