World Bank Reform

Because everyone is so concerned with the financial situation, little attention has been paid to the other aspects of the World Bank and IMF meetings last weekend. The Development Committee Communique says: An additional Board seat for sub Saharan Africa on the Bank’s Board will be created.  DTC voting shares Read more…

Dear Banks: A message from one of your new bosses

Every time I have suggested things you might do differently, I have been told that this is impossible as you are under an obligation to pursue the interests of your shareholders. Now that I am – unexpectedly – one of your shareholders, I expect you’d like to know what I would like you to do. Here are seven new instructions to be getting on with.