IMF and World Bank: Appointment Procedures — Question

Part of the debate – in the House of Lords at 3:21 pm on 1st December 2010.

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Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury 3:21 pm, 1st December 2010

My Lords, I am grateful to the right reverend Prelate for reminding us of what part of the important role of the World Bank is. Indeed, since we are talking about governance arrangements, it is important that there is a commitment to arriving at a new formula for the World Bank shareholding by 2015 that will properly reflect the development mandate of that organisation.