Party games: the World Bank.(five candidates to replace retiring head Lewis Preston)

Economist (US), The, March, 1995

The Clinton Administration is deciding among candidates to head the World Bank. Lawrence Summers and Kenneth Brody are the front-runners, ahead of James Wolfenson, whose ideas are seen as too austere, and Stanley Fischer and Gerald Corrigan, whose expansionist policies are losing favor.

MORE than a month after Lewis Preston, the president of the World Bank, announced that he was resigning because of ill health, the search for his successor continues. By tradition, America has the privilege of nominating a candidate, who must then be approved by the Bank's other shareholder governments. The Bank's supporters hope that it will choose someone who will restore life to the flagging institution. And although the Clinton administration has so far given few clues about who its...

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