Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-11-Speech-3-008"
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"en.20050511.3.3-008"2
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".
Mr President, I can indeed confirm, in the context of this Council statement on the World Bank, that the World Bank plays a very significant role at global level in the field of development financing. It is clear that the political and administrative management of the World Bank is thus an extremely important subject. However, as a representative of the Presidency of the Council of the European Union, I am unfortunately not able to set out a position on behalf of the Council, or to report on the work carried out by the Council on this matter.
Indeed, the EU itself
and I would say that this, too, is unfortunate
has no part in the policy-making or operation of the World Bank. It is therefore down to the Member States of the EU that are also members of the bodies of the World Bank to set out their position with regard to the Bank. For this reason, the Council has not taken a position on the matters in question, because it has no authority to do so. None of the bodies of the Council have discussed a strategy for the World Bank, or the coordination of a possible common European position in this regard, or the decision-making procedures within that institution.
I would also like to add that the Member States are working to coordinate their positions in order to have greater weight within the international institutions, including the international financial institutions such as the World Bank; this exercise does not, however, involve the Council as an institution since, as I said, the Community has no competence in this field.
It is also true that Mr Wolfowitz, who has been nominated for the post of President of the World Bank, came to Brussels, where he met the President of the Ecofin Council, Mr Juncker, and the representatives of the other European governors of the Bank. At this purely informal meeting, the future strategy of the World Bank in relation to development financing was indeed discussed with the president nominated by the US Government, as is customary.
I can therefore only regret that the Council has no competence in this matter. Maybe one day we should consider improving coordination between Member States of the EU within these international institutions where they actually represent, thanks to their collective weight, a greater number even than the United States."@en1
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