The search continues for the next World Bank president. As expected, Americans are populating the list of candidates.
Uri Dadush, former World Bank economic policy director, said U.S. power has to decline “significantly” or America should spearhead the change before traditions at the bank break. Dadush said, however, that neither is currently the case.
Larry Summers, President Barack Obama’s former chief economic adviser, and U.S. Secretary of State Hillary Clinton are no longer the only ones being eyed for the job. Here’s a list of other candidates who possess what seems to be the most important qualification for the World Bank post: an American passport.
Susan Rice, U.S. ambassador to the United Nations
Lael Brainard, U.S. undersecretary of the Treasury for International Affairs
Indra Nooyi, chairman and CEO of PepsiCo
Laura d’Andrea Tyson, White House chief economic adviser to former President Bill Clinton
Mohamed El-Erian, CEO of Pimco and former International Monetary Fund official
Another rumored potential candidate is Democrat Sen. John Kerry from Massachusetts. But he is likely to become the next secretary of state if Obama wins the election this year, according to the Financial Times.
Economist Jeffrey Sachs has declared interest in the job as well, the Financial Times reports. Sachs is the director of the Earth Institute at Columbia University and is known for his Millennium Villages development project in Africa.
A senior bank policymaker told the Financial Times there is a strong feeling in the bank that the White House will “absolutely insist” on getting its way this election year. He said the White House will not want to upset Congress by appearing weak internationally.
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