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The U.S. Congress launched a new bipartisan Caucus for Congressional-World Bank Dialogue at a packed event on Capitol Hill July 16. The caucus, co-chaired by Kevin Brady (R-TX) and Betty McCollum (D-MN), provides a forum for members of Congress to engage the World Bank, parliamentarians and policy experts on poverty reduction, global development and trade.
Here are Donald Rumsfeld, James Wolfensohn and somebody else agreeing on something. Guess who recently said the following:
1. "But most (global) institutions are rickety relics of a sixty-year-old worldview, a product of the way the planet looked at the end of World War II or the dynamics that shaped it during the cold war era."
One very good thing that can be said about Robert Zoellick's maiden speech as World Bank president today is that it was much better than the advance account in yesterday's Wall Street Journal (subscription required) would have led listeners to expect.
IMF Managing Director Rodrigo de Rato promised in a speech at the Center this week that the planned increase in voice and representation of developing countries at the IMF would cover the poorest members - most of which are in sub-Saharan Africa - and not just the “emerging market economies”.