World Bank: Passport please

An American passport. Photo by: ccarlstead / CC BY-NC-ND

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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About the author

  • Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.