Daily Archives: April 16, 2012

During his first 100 days in the office, the new president has a golden opportunity to earn the respect of the world by ensuring that the next selection of the World Bank is indeed open, transparent and merit-based.

Don’t under-estimate the importance of such a step. With so many people watching around the world, renewed failure to move forward with reforms at this critical juncture would accelerate the gradual disengagement from the two institutions by a growing number of countries. It would also undermine their standing in the court of public opinion at a time when both need to be viewed as “trusted advisors” and respected promoters of the global public good. Continue reading »

“La France compte 65 millions de sujets, sans compter les sujets de mécontentement”. From a political standpoint, the famous sentence by 19th century polemicist Henri Rochefort applies perfectly: French voters are angry and politicians are struggling to respond to their anger. But from a market perspective, there are only three serious topics: first, public finances; second, competitiveness; and third, the country’s stance in Europe. The question is whether the next president will have the ability to tackle them without exacerbating the citizens’ anger. Continue reading »