Tagged: World Bank

Incoming World Bank president Jim Yong Kim must step up efforts to assist developing countries threatened by the euro zone crisis fallout, international agency Oxfam said ahead of his first day on the job.

Oxfam today calls for greater scrutiny and control of the funding for development channeled through financial intermediaries such as private equity funds, banks and credit agencies.

Reacting to the announcement that World Bank President Robert Zoellick will step down at the end of his term on June 30th, a global coalition of campaigners has called for an open and merit-based process to elect the next World Bank leader, and for developing countries to determine the selection.