Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am at the IMF. If the US withdraws Japan will become the largest shareholder (absent e realignment) and that is where the institution is supposed to move based on the Artlcles of Agreement. There is some nervous laughter about the institution about the evaluation of US participation in all IOs but so far my impression is that people believe that Trump won’t go as far as to withdraw from the Bretton Woods institutions, but who knows. Implications for US staff are not clear. I am not sure the Articles cover that. But the institution would very likely have to size down without the US and that will affect hiring. I would expect the same decision for WB and IMF. Not clear why Trump would withdraw from one and not from the other. It would definitely be interesting if US withdrew and the impact on the DC economy and real estate would be significant if both institutions had to move at short notice.

But the US isn't scheduled to make a quota increase to the IMF this year. So there is no funding spigot to turn off at the IMF.

Wouldn’t their quota need to be repaid if they withdraw though?

Anonymous wrote:I’m wondering if Trump will force out Ajay. I’m sure he has someone in mind to head the bank. BTW, what is Jim Kim up to these days?

Anonymous wrote:

Anonymous wrote:I am not seeing anything requiring WB staff to be nationals of member countries, though I am seeing reference to a preference for member country nationals. For those posting, and I have also heard of the office, that staff need to be nationals of a member country, could you share where you were getting that understanding? Thank you.

I found this on WB webpage. It looks like non-members can be hired.

“The Bank Group's recruitment policy is to hire staff of the highest caliber, on as wide a geographical basis as possible, with preference to nationals of WBG member countries or countries of operations. If the country of your nationality does not appear in the drop-down menu, it is because it is not a member of the World Bank Group, nor a country of operations. Applicants who are not nationals of a member country or country of operations who would like to be considered for World Bank Group employment opportunities may submit a copy of their resume through the Connect with us page on the World Bank Group’s website.“

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Would anyone even notice if the world bank disappeared? Except for the people who work there?

Yes, this is a massive mistake. Amazing how one administration can diminish US stature in the world so quickly.

I am in the Third World a lot. No one has ever said to me, "Thank you American for the World Bank!"

This. Most people in developing countries hate the world bank and feel their misguided policies set up by well meaning but clueless fat cats have done more harm than good.

Anonymous wrote:I am not seeing anything requiring WB staff to be nationals of member countries, though I am seeing reference to a preference for member country nationals. For those posting, and I have also heard of the office, that staff need to be nationals of a member country, could you share where you were getting that understanding? Thank you.

Anonymous wrote:I am not seeing anything requiring WB staff to be nationals of member countries, though I am seeing reference to a preference for member country nationals. For those posting, and I have also heard of the office, that staff need to be nationals of a member country, could you share where you were getting that understanding? Thank you.

Anonymous wrote:

Anonymous wrote:I am at the IMF. If the US withdraws Japan will become the largest shareholder (absent e realignment) and that is where the institution is supposed to move based on the Artlcles of Agreement. There is some nervous laughter about the institution about the evaluation of US participation in all IOs but so far my impression is that people believe that Trump won’t go as far as to withdraw from the Bretton Woods institutions, but who knows. Implications for US staff are not clear. I am not sure the Articles cover that. But the institution would very likely have to size down without the US and that will affect hiring. I would expect the same decision for WB and IMF. Not clear why Trump would withdraw from one and not from the other. It would definitely be interesting if US withdrew and the impact on the DC economy and real estate would be significant if both institutions had to move at short notice.

But the US isn't scheduled to make a quota increase to the IMF this year. So there is no funding spigot to turn off at the IMF.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Would anyone even notice if the world bank disappeared? Except for the people who work there?

Yes, this is a massive mistake. Amazing how one administration can diminish US stature in the world so quickly.

I am in the Third World a lot. No one has ever said to me, "Thank you American for the World Bank!"

Anonymous wrote:It’s been a long time since I left the WB but I still have an account at BFSFCU, do you think my savings will be ok?

Anonymous wrote:I am not seeing anything requiring WB staff to be nationals of member countries, though I am seeing reference to a preference for member country nationals. For those posting, and I have also heard of the office, that staff need to be nationals of a member country, could you share where you were getting that understanding? Thank you.

Anonymous wrote:

Anonymous wrote:Would anyone even notice if the world bank disappeared? Except for the people who work there?

You wouldn’t because you’re ignorant. But many would.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Would anyone even notice if the world bank disappeared? Except for the people who work there?

Yes, this is a massive mistake. Amazing how one administration can diminish US stature in the world so quickly.

I am in the Third World a lot. No one has ever said to me, "Thank you American for the World Bank!"