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MEXICO CITY (Reuters) – A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasized it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC official said on Saturday.
Originally posted by galactictuan
These Satanic nazi Pedophiles from the Pentagon and their Pedo pals at the Vatican must be stopped.
Originally posted by kwakakev
Apart from your narrow minded stereotype of an individuals integrity based on their race, a measure of corruption perception is not quite the same as a measure of actual corruption. Lots of small cases of official bribes can easily be overshadowed by a few big cases, as the current $15 Trillion fraud in the UK is calling the FED's integrity into question.
As for how this plays out, at least it is good to see the international community talking about it.
the facts from all corners are that some countries have highly corrupt business and political systems and China and Russia are in that mix.
If the formula is going to change with the developing nations taking charge then the World Bank should be reformed and its purpose reviewed.
The Executive Directors are responsible for the conduct of the general operations of the Bank and exercise all the powers delegated to them by the Boards of Governors under the Articles of Agreement. The Executive Directors select a President who serves as Chairman of the Boards. The Executive Directors approve the President's contract and have the authority to remove the President from office.
Ever tried to do business in China?
Corporate corruption is not some "cultural" issue, it's a way officials in power get rich at the expense of normal business people.
BRICS member-states are preparing a world banking revolution. They are planning to nominate an alternative candidate for the post of the Chairman of the World Bank for the first time in history. BRICS also demands redistribution of quotas in the International Monetary Fund in the near future and intends to study India’s initiative on creating a South-South Bank.