Newswire : Waters and Cleaver express concerns about nomination of David Malpass to lead World Bank

Congressman Cleaver and Congresswoman Waters

WASHINGTON — Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Emanuel Cle Cleaver and er (D-MO), Chair of the Subcommittee on National Security, International Development, and Monetary Policy, issued the following statements on the nomination of David Malpass, Under Secretary of the Treasury for International Affairs, to serve as President of the World Bank.
“It’s difficult to believe that any serious effort to find a qualified candidate with a compelling vision for the mission of the World Bank and a belief in the legitimacy of international development finance would lead to the nomination of Treasury Undersecretary for International Affairs David Malpass,” said Chairwoman Waters.
“His agenda for international development policy seems to begin with a reliance on unfettered private capital flows and end with a diminished role for the public sector, as the engines of global growth. He is an anti-internationalist, anti-worker market fundamentalist who understands neither the markets nor the importance of an effective public sector in helping reign in market excesses, promoting stability, and ensuring that the benefits of growth are broadly shared in society.
Moreover, if the World Bank’s board of directors ultimately votes to confirm Mr. Malpass, the Bank’s climate finance agenda, which is an increasingly essential element of global economic cooperation, will also be under threat. If the Trump Administration is allowed to embed its ideological bias into the world’s most important multilateral development institution, the institutional framework for the post-World War II global economic order will be imperiled.”
“The nomination of David Malpass as the next World Bank President should have every American deeply concerned,” said Chairman Cleaver. “His strong criticism of global organizations and disdain for multilateral institutions are antithetical to the mission of the organization of which he has been asked to lead. For nearly eighty years the World Bank—guided by American leadership—has led a development of the global economy unmatched in human history. The Bank has played a pivotal role in the reduction of global poverty, protection of workers, and fight to close the enormous income inequality gap. If Mr. Malpass cannot commit to advancing this agenda and supporting the core mission of the World Bank, then the board should reject his nomination.”
The House Financial Services Committee is responsible for conducting oversight of U.S. participation in the multilateral development banks, including the World Bank.
Financial Services Committee Democrats have consistently pushed for strong leadership at the World Bank and insisted on more transparency and disclosure of information. As a result, Committee Democrats have continuously played an active role in helping to shape the development policies that have helped make the World Bank the preeminent development institution that it has become.
In previous Congresses, Committee Members conditioned U.S. support for the Bank on the creation of the Inspection Panel — an independent accountability mechanism that could investigate allegations by citizens of the Bank’s failure to follow its own policies and procedures.
The Committee has also worked in a bipartisan manner to successfully push for debt relief for impoverished countries.

Newswire : Congo’s Constitutional Court upholds election win for opposition leader

Felix Tshisekedi
     Jan. 21, 2019 (GIN) – The Democratic Republic of Congo finally has a president. Opposition figure Felix Tshisekedi was declared winner of the presidential race by the DR Congo’s top court on Jan. 20.

     The Constitutional Court said Tshisekedi had won by a simple majority, paving the way for him to take over from the current president, Joseph Kabila.

     The outcome was challenged by runner-up Martin Fayulu who claimed that the election had been stolen and called on the international community to reject the results.

     Election data leaked to some news organizations suggested that he won the vote.

     "I ask the entire international community not to recognize a power that has neither legitimacy nor legal standing to represent the Congolese people," he said of Tshisekedi, declaring himself "the only legitimate president".

     On Sunday, the Constitutional Court dismissed Fayulu's claims as "unfounded" and said he had failed to prove any inaccuracies in the figures, describing his call for a recount as "absurd". The ruling was not unexpected, with the court made up of Kabila's allies.

     Meanwhile, hundreds of supporters of Tshisekedi gathered outside the court holding placards saying "No to interference" and "Independent country" as riot police stood nearby.

     Despite unconfirmed reports that members of Tshisekedi’s camp had strategized with Kabila before the votes were in, the greater part of Congolese seems happy with the "semi-victory," as their main fears have been allayed, according to Israel Mutala, an analyst and editor in chief of the online news site 7sur7.

     "Above all the Congolese feared a third term for outgoing President Joseph Kabila," Mutala told the German news agency DW.

     Observers from other international bodies, including the European Union and the United Nations Organization, complained of irregularities at the polls. The African Union, after initially expressing "serious doubts" about the outcome of the elections, seems more willing to go alone with the accepted candidate.

     Speaking early Sunday, Tshisekedi said the court’s decision to reject claims of electoral fraud and declare him president was a victory for the entire country.

     “It is Congo that won,” said Tshisekedi. “It is not the victory of one camp against another. I am engaged in a campaign to reconcile all Congolese. … The Congo that we are going to form will not be a Congo of division, hatred or tribalism. It will be a reconciled Congo, a strong Congo that will be focused on development, peace and security.”