March 9th, 2012

House Dems ask Obama to push global poverty expert to lead World Bank

By Peter Schroeder

A group of House Democrats are calling on President Obama to push Dr. Jeffrey Sachs, an economist and global poverty expert to serve as the next president of the World Bank.

The coalition, led by Rep. John Conyers (D-Mich.) argued that the global economic leadership position “has often been headed by [a] career politician or a Wall Street Banker,” and that it was time to name a man who has spent much of his career focused on global poverty. So far, the letter has garnered the signatures of 20 Democrats.

“It [the World Bank] has often fallen short in its efforts to build sustainable economies and healthy communities for the people of the developing world,” the letter stated. “In contrast, Professor Sachs is a development professional and a problem solver — someone who has seen the destabilizing effects of poverty, famine, and resource scarcity first hand, and who has mobilized people and resources to do something about it.”

Read full article in The Hill.



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