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World Bank

Volume 461: debated on Monday 4 June 2007

To ask the Secretary of State for International Development what action he is taking in response to the resignation of the president of the World Bank. (139058)

The UK remains a supporter of the World Bank, and its staff, as a force for good in the world. The Bank's task now, is to renew its efforts to lift people out of poverty.

The UK has a long-standing commitment to support developing country calls for a stronger say at the World Bank. Last year's UK White Paper on International Development reaffirmed our view that the practice of picking the heads of the World Bank and the IMF based on nationality should end, and both presidents should be chosen on merit but changing the system would require consensus among member countries. We are working with other member countries of the World Bank to identify and select the best candidate to be the next president.