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Independent research for global prosperity

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Public Event

The Hardest Job in the World: Five Crucial Tasks for the New President of the World Bank

Thursday, June 9, 2005 - 2:30pm to 4:00pm
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On June 9th CGD presented a new report, "The Hardest Job in the World: Five Crucial Tasks For the New World Bank President." Speakers included Nancy Birdsall, President, Center for Global Development and CGD World Bank Working Group Co-Chair; Paulo Fernando Gomes, Executive Director, Africa Group Two, World Bank; and Sebastian Mallaby, Columnist, Washington Post and Author of The World’s Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations.

"The Hardest Job in the World: Five Crucial Tasks For the New World Bank President" was prepared by a CGD working group that identified key priorities for Paul Wolfowitz at the start of his tenure at the World Bank. The report argues that Wolfowitz's biggest challenge will not be managing the Bank, with its 10,000 staff, but leading its shareholders, the nations of the world. It offers five bold but practical recommendations for restoring the legitimacy and increasing the effectiveness of the world's largest development institution. The report is the culmination of three months of deliberations by twenty individuals drawn from the private sector, academia, and civil society in rich countries and the developing world, including former ministers of finance and foreign affairs, former U.S. Treasury officials, and former vice presidents of the World Bank.