March 17th, 2012

Sachs gets support for World Bank as US stalls

By Veronica Smith (AFP)

WASHINGTON — US lawmakers pressed President Barack Obama to nominate economist Jeffrey Sachs as the next World Bank president as the White House scrambled to pick a different candidate ahead of next week’s deadline.

In a letter to Obama, 27 fellow Democrats in the House of Representatives said that Sachs, whose self-declared candidacy has drawn a number of endorsements from around the world, has the leadership skills for the job.

Meanwhile the White House appeared still not ready to submit its own nominee to run the global development bank, a week after leaking out a shortlist of three high-powered possibilities — none of them Sachs.

One person close to the World Bank said the administration is at an “impasse” because each of the three presents a problem…

Read full article by Agence France-Presse.



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