Monday, April 16, 2012

Corruption was the greatest threat, World Bank president to be named soon

Wen Jiabao said corruption was the greatest threat to the ruling party. His comments come amid a drive to support the Communist Party's recent move ousting top politician Bo Xilai over alleged disciplinary breaches.
Mr Bo's wife is now suspected of murdering a British businessman. The politician's wife, Gu Kailai, was detained after the death of businessman Neil Heywood in Chongqing, south-western China, in November.
On Monday, Mr Heywood, 41, had been poisoned after threatening to expose Mrs Gu's plans to move money abroad. The Chinese authorities have not publicly commented on the allegation. Mr Wen called for more effective measures to tackle corruption. Wen said that greater transparency and a reduction in the concentration of powers among government structures were also needed. The article did not directly mention Mr Bo, 62, who is now under investigation for serious breaches of discipline. Media reports suggest the former Chongqing party chief tried to abuse his power to derail the investigation into his wife. Mr Bo was once tipped as a future leader and was expected to become a member of the party's powerful Politburo Standing Committee in the autumn. The BBC's Martin Patience reports from Beijing that he commanded strong support and possessed enormous charisma, in stark contrast with most of his colleagues. All this has forced China's leaders to handle his removal from power with care. Wen adds that the country's state media have been in overdrive in recent days, pumping out editorials stressing that no-one - not even top politicians - are above the law. But supporters of Mr Bo see this as a convenient excuse for what they regard as a political purge.

The government in China is not as good as Singapore, because the leaders there are not paid much compared to Singapore's leaders. As a result, they tend to be greedy, hence leading to all the negative news that leaders take advantage of their powers.
http://www.bbc.co.uk/news/world-asia-china-17728474


The World Bank is poised to announce its next president. The choice is between Nigeria's Ngozi Okonjo-Iweala and the US nominee, Jim Yong Kim. For the first time ever, the US domination of the World Bank is being challenged. On Friday, Colombia's Jose Antonio Ocampo pulled out of the race, calling the selection process a "political exercise". Either Mrs Okonjo-Iweala or Dr Kim will replace Robert Zoellick, who has run the World Bank since 2007. By convention, the US has always held the top job at the World Bank since it was founded in 1944. The top job of its sister organisation, the International Monetary Fund, has also always gone to a European but there has been much pressure from emerging economies to open the processes of both organisations to competition. South Africa's finance minister Pravin Gordhan conceded that it was likely the "established powers" would make the final decision when the 25-member World Bank board meets to vote. European countries are likely to support the US bid as has happened in the past. Europe and Japan together have 54% of the votes to appoint the bank's president. The next president of the World Bank will oversee a staff of 9,000 economists and development experts and and a loan portfolio that hit $258bn (£163bn) last year. President Barack Obama's choice of Dr Kim came as somewhat of a surprise but the 52-year-old is a leading figure in global health. Born in Seoul, he moved with his family to the US at the age of five and became president of Dartmouth College in 2009. A doctor and former director of the HIV/Aids department at the World Health Organization, he also co-founded the health charity Partners in Health in 1987. The other candidate, Mrs Okonjo-Iweala, was a managing director at the World Bank until last year, when she left to take up her current position as finance minister. Mr Ocampo was the third candidate on the shortlist for the presidency, but pulled out on Friday. Mr Ocampo, who is a professor at Columbia University, said that he would now support Mrs Okonjo-Iweala "to facilitate the desired unity of the emerging and developing economies around one candidate". Mrs Okonjo-Iweala thanked Mr Ocampo for his "unselfish decision" to withdraw. This year's vote is the first time the World Bank has had to choose between candidates since its creation more than 60 years ago.

According to Wikipedia, the World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank's official goal is the reduction of poverty.
 This is the symbol of the World Bank.

1 comment:

  1. "The government in China is not as good as Singapore,because the leaders there are not paid much compared to Singapore's leaders. As a result, they tend to be greedy, hence leading to all the negative news that leaders take advantage of their powers."

    1. What do you mean by good? Don't use vague terms to describe this. I think you mean the government in Singapore is less corrupt.

    2. But why is the Singaporean government less corrupt than China? I don't think salary explains why the Chinese government is more corrupt. Singapore is a small country, whereas China is so large. There is a lot more at stake in the Chines government than the Singapore government.

    Can you stop plagiarizing from the news websites and actually get someone to help you rephrase all this? I have mentioned this many, many times.

    ReplyDelete