Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-11-Speech-3-012"
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"en.20050511.3.3-012"2
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".
Mr President, when the World Bank was set up in 1944, the seven richest countries, the G7, produced the lion’s share of all goods in the world by far; nowadays, they produce barely half of them. At the time of the World Bank’s formation, the United States was the biggest lender of money; today, it is the biggest debtor. Sixty years ago, the developing countries were still incapable of standing up for themselves, today, their influence in multilateral negotiations, for example those in the context of the World Trade Organisation, can no longer be ignored.
All this indicates that the World Bank is in urgent need ofdrastic reforms. As long as the developing countries have no real say in its policy and decision-making, the World Bank will continue to be perceived as a control instrument in the hands of the so-called rich, instead of an international institution that is geared towards stability and development, in a spirit of mutual respect and solid partnership.
The World Bank now has an external relations department, which employs more than 300 people, and which is described by the Bank itself as one of the most important departments for brushing up its image, but the question remains whether this cannot be done in a different way, namely by involving the developing countries in its operations more effectively, by finally making decision-making more transparent and by better monitoring spending. In short, I am among those who believe that the World Bank is in urgent need of ‘resourcing’ – not financially, but internally. Indeed, within this international organisation, which is considered one of the biggest and most authoritative, time appears to have stood still for more than 50 years in terms of structure, operation and mentality."@en1
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