Meet World Bank Managing Director, Sri Mulyani Indrawati

[Huan]

Congratulations !

Can you say that in Japanese?

 

[Guynextdoor2]

Good to see world bank being headed by an Asian.

Hope the next IMF head would be an Asian too.

No, the presidency always goes to an American (WB).

 

[Huan]

No, the presidency always goes to an American (WB).

It is a patriotic thing to do! Keep it 'Murican!

 

[Guynextdoor2]

It is a patriotic thing to do! Keep it 'Murican!

I think there was a deal in Bretton Woods- IMF gets European, WB gets an American.

 

[Huan]

I think there was a deal in Bretton Woods- IMF gets European, WB gets an American.

I see. It is certainly understandable.

 

[Guynextdoor2]

It is a patriotic thing to do! Keep it 'Murican!

You know it should have been the other way around (IMF is more powerful and US was in a stronger negotiating position), the reason why it ended up this way is very interesting, reads like a spy novel. You should check it out.

 

[Huan]

You know it should have been the other way around (IMF is more powerful and US was in a stronger negotiating position), the reason why it ended up this way is very interesting, reads like a spy novel. You should check it out.

Nah, that's alright. I think China's AIIB is more interesting now.

 

[Guynextdoor2]

Nah, that's alright. I think China's AIIB is more interesting now.

I'm quite confident that the AAIB will end up in the dustbin just like another 'game changer' called ADB. These are institutions created out of crude and unsophisticated politics. 'I have money I open bank- and see India, UK Australia with me'. In the meanwhile it's a nest of vipers each going in with the explicit intention of screwing and pulling down the other. As of last known 'accomplishments' of the Asian Development Bank, India and China wasted a heluva lot of time trying to get their man as a Vice President. Already AIIB is showing all the signs of falling for it. The WB and IMF are gonna be on tops for decades more- of not centuries.

 

[Shotgunner51]

Nah, that's alright. I think China's AIIB is more interesting now.

It may seems that European controls IMF, but in fact it's still under control of US by having the one and only one de facto "veto" right. Washington might let a close European "ally" be the front man, but would never let the final call slip out of its own hands, never.

Obama Seeks to Keep IMF Veto as China Influence Is Expanded - Bloomberg Business
http://www.ft.com/intl/cms/s/0/fd046b4c-c022-11df-b77d-00144feab49a.html#axzz3quCfZr2x

Well that's understandable. Compare that to the five vetos in that noisy and never agreeing UNSC, money is very real, current world order is the very foundation of Pax Americana.

 

[Aepsilons]

It may seems that European controls IMF, but in fact it's still under control of US by having the one and only one de facto "veto" right. Washington might let a close European "ally" be the front man, but would never let the final call slip out of its own hands, never.

Obama Seeks to Keep IMF Veto as China Influence Is Expanded - Bloomberg Business
http://www.ft.com/intl/cms/s/0/fd046b4c-c022-11df-b77d-00144feab49a.html#axzz3quCfZr2x

Well that's understandable. Compare that to the five vetos in that noisy and never agreeing UNSC, money is very real, current world order is the very foundation of Pax Americana.

Indeed.