Letter to the World Bank

New Rules for Global Finance is a great US-based NGO that tries to make a difference. Here’s the letter to the World Bank that I signed as one of 141 signatories:

Mr. Robert B. Zoellick, President
World Bank Headquarters
1818 H Street, NW
Washington, DC 20433

Dear Mr. Zoellick,

World Bank governance

That the world is at an historical crossroads is evidenced by the rise of powerful new global economies, financial crises in the US and Europe, the high prices for commodities most notably food and fuel, and the overwhelming climate change crisis. This reality has been recognized in numerous fora such as the recent Commonwealth Heads of State conference, which agreed that in the context of these global crises it is more important than ever to have ambitious reform of the international financial institutions.Therefore we the undersigned are very concerned that the governance reform process moving ahead at the World Bank risks falling very short of the above norms. The opportunity to reform the Bank in line with the new systemic reality must not be lost.

We urge that any reform be substantial, resulting in fundamental changes that would allow the Bank to fight poverty in a far more effective, equitable and transparent manner.

For this to happen there must be a true partnership between developing and developed countries. Key to this is a commitment to parity of voice between developed, and developing and transition countries within an agreed timeframe. This would also need to be accompanied by other measures such as a transparent, merit-based election process for the president, and a consolidation of European positions on the Bank’s board.

The quota reforms voted in at the IMF earlier this year were far from adequate. We believe it is important that any notion of parallelism between the IMF quota and World Bank votes be dropped in favour of the clear recognition that the World Bank has a very different purpose from the IMF. As the World Bank/IMF 2008 Spring Meeting Development Committee Communiqué stated, the Bank’s development mandate means it is distinct in nature. Failure to achieve this deeper, systemic reform would leave the Bank vulnerable to irrelevance in the evolving structures of global financing and policy. For this reason, we
urge you to use the Bank governance reform as an opportunity to promote a vision for the Bank which conforms more closely to the dramatically changed global context than the one currently being envisaged.

Yours sincerely,

Signatory Organisations
1. 11.11.11, Belgium
2. ActionAid International
3. Africa Development Interchange Network, Cameroon
4. African Forum and Network for Debt and Development, Zimbabwe
5. Agora, Sweden
6. Bretton Woods Project, UK
7. Teran-DECA Equipo Pueblo A.C./ Social Watch Mexico, Mexico
8. Campagna per la Riforma della Banca Mondiale, Italy
9. Canadian Catholic Organization for Development and Peace, Canada
10. Center for the Promotion of Economic and Social Alternatives, Cameroon
11. Christian Aid, UK
12. CIDSE International
13. Civicus, South Africa
14. Development Alternatives with Women for a New Era, Nigeria
15. Dominican Sisters of Hope, USA
16. Edmonds Institute, USA
17. Elizabeth Seton Federation, USA
18. Environmental Law Alliance Worldwide (ELAW)
19. Equity and Justice Working Group Bangladesh, Bangladesh
20. Ethical Markets Media, USA
21. European Network on Debt and Development (Eurodad), Belgium
22. Friends of the Earth Japan, Japan
23. Food & Water Watch, USA
24. Foro Ciudadano de Participación por la Justicia y los Derechos Humanos,
Argentina
25. Fundación País Futuro, Colombia
26. Grassroots Empowerment Network, Nigeria
27. Green Community organization-Indonesia, Indonesia
28. Halifax Initiative Coalition, Canada
29. Holy Cross International Justice Office, USA
30. International Accountability Project, USA
31. International Association of Educators for World Peace, Canada
32. International Presentation Association
33. International Association of the Sisters of the Presentation, USA
34. International Trade Union Confederation
35. ISODEC, Ghana
36. Japan Network on Debt & Poverty, Japan
37. Jubilee Australia, Australia
38. Jubilee Debt Campaign, UK
39. Jubilee USA, USA
40. Loretto Community, USA
41. KEPA, Finland
42. Maryknoll Office for Global Concerns, USA
43. Medical Mission Sisters
44. Mercy Investment Program, USA
45. MS-Danish Association for International Co-operation, Denmark
46. National Service conference of the American Ethical Union at the United
Nations, USA
47. Nelayan Indonesia (SNI) / Indonesia Fisherfolk Union, Indonesia
48. New Rules for Global Finance Coalition, USA
49. NGO Committee on Financing for Development, USA
50. Norwegian Church Aid, Norway
51. Norwegian Coalition for Debt Cancellation, Norway
52. Oil Workers Rights Protection Organization Public Union, Azerbaijan
53. One World Trust, UK
54. Organiser of the Forum for Stable Currencies, UK
55. Oxfam International
56. PA chapter of Jubilee USA Network, USA
57. Participatory Development Initiatives, Pakistan
58. People’s Alliance for Debt Cancellation, Indonesia
59. Presentation Justice Network, India
60. Presentation Wexford, Ireland
61. Quaker Peace & Social Witness Central Committee, UK
62. Save the Children UK
63. SEATINI, Zimbabwe
64. Serikat Buruh Indonesia (SBI) / Indonesia Labor Union, Indonesia
65. Regional Community of Detroit Charitable Trust, USA
66. Sisters of the Presentation, San Francisco, USA
67. Social Development Network
68. Southern and Eastern African Trade Information and Negotiations Institute,
Kenya
69. Struggle Front of Indonesia Youth, Indonesia
70. Suluh Muda Association in North Sumatra, Indonesia
71. SUSTENTIA, Spain
72. Tax Justice Network, UK
73. The Corner House UK
74. Transparency International Norway
75. UNANIMA International
76. Ursuline Sisters of Tildonk, USA
77. VOICE, Bangladesh
78. War on Want, UK
79. WFM-Institute for Global Policy, USA
80. World Development Movement, UK
81. World Hunger Education Service, USA
Signatory Individuals
82. Aaron Schneider, Assistant Professor, Tulane University, USA
83. Agnes Sia Tamba, Programme Manager, Network Movement for Justice and
Development, Sierra Leone
84. Alan Hudson, Research Fellow, Overseas Development Institute, UK
85. Andréas Godsäter, Peace and Development Researcher, University of
Gothenburg, Sweden
86. Anselme Adegbidi, Directeur Laboratoire d’Etude sur la Pauvreté et la
Performance de l’Agriculture, Benin
87. Beatrice Edwards, International Program Director, Government
Accountability Project, USA
88. Bernadette Mac Mahon D.C., Vincentian Partnership, Ireland
89. Bernhard G. Gunter, President, Bangladesh Development Research Center,
USA
90. Brian A. Thomson, USA
91. Brian MacGarry, Zimbabwe
92. Christopher L. Pallas, London School of Economics, UK
93. Chukwuma Obidegwu, Consultant, USA
94. David P. Rapkin, University of Nebraska, USA
95. Dennis Leech, Warwick University, UK
96. Diane Hopkins, Panama
97. Domenico Lombardi, President, The Oxford Institute for Economic Policy,
UK
98. Donald R. Sherk, Professor, SAIS, USA
99. Edwin (Ted) M. Truman, Senior Fellow, Peterson Institute for International
Economics, USA
100. Frank Vogl, publisher ethicsworld.org
101. George Thackray, UK
102. Grainne Weld, Vincentian Partnership, Ireland
103. Happy James Tumwebaze, International Network Coordinator, Sustainability
Watch Network Project, Uganda
104. Heather Gee, Canada
105. Heikki Patomäki, Innovation Professor of Globalisation and Global
Institutions, RMIT University, Australia
106. Hélan Jaworski, Presidente de la Comisión de Gobierno (Dean), Pontificia
Universidad Católica del Perú, Peru
107. Helen Conlan, USA
108. Jacqueline Best, Associate Professor, University of Ottawa, Canada
109. James W. Trowbridge, Senior Advisor, New Rules for Global Finance, USA
110. Jeffrey S. Lawson, USA
111. John Langmore, Professorial Fellow, University of Melbourne, Australia
112. John Weeks, Professor Emeritus of Development Economics, School of
Oriental & African Studies, UK
113. Jonathan Fox, Professor, University of California, USA
114. Jonathan R. Strand, Associate Professor, University of Nevada, USA
115. José Antonio Ocampo, Professor, Columbia University, USA
116. Karen Joyner, Independent Consultant, USA
117. Leon Kukkuk, Author Researcher Development Practitioner, Angola
118. Manish Bapna, Deputy Director, World Resources Institute, USA
119. Manuel R. Agosin, University of Chile, Chile
120. Michael Carter, UK
121. Michael Ward, Researcher, UK
122. Nilton Deza Arroyo, Universidad Nacional de Cajamarca, Peru
123. O’Seun Egghead ODEWALE, Integration and External Linkages Officer, The
West African Bar Association, Nigeria
124. Peter Burgess, Transparency and Accountability Network: Tr-Ac-Net in New
York, USA
125. Prof. Dr. Jürgen Schuldt, Universidad del Pacífico, Peru
126. Renate Bloem, Civicus, South Africa
127. Richard Gerster, Director, Gerster Consulting, Switzerland
128. Robert S. Hans, Senior Managing Director, IOS Partners Inc, USA
129. Robert Wade, Professor, London School of Economics, UK
130. Roberto Frenkel, Senior Researcher, CEDES, Argentina
131. Smalto B. Kabuya, Youth Tax Justice Network, Kenya
132. Smitu Kothari, Intercultural Resources, India
133. Stephany Griffith-Jones, Executive Director, Columbia University, USA
134. Steven J. Klees, University of Maryland, USA
135. Susanna Mitchell, nef fellow, new economics foundation, UK
136. Tanweer Akram, USA
137. Terry McKinley, Director of the Centre for Development Policy and
Research, School of Oriental and African Studies, UK
138. Uche Igwe, Civil Society Liaison Officer, NEITI, Nigeria
139. VK Sapovadia, Professor, IIM, India
140. Wlodzimierz Dymarski, Poznan University of Economics, Poland
141. Zander Navarro, Institute of Development Studies, UK

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