China expects WB chief to promote governance structure reform

Pedestrians walk past the headquarters of World Bank in Washington D.C/XINHUA

BEIJING, Apr 12 – China expects the next president of the World Bank to promote governance structure reform, Chinese Foreign Ministry spokesman Liu Weimin said on Wednesday.

Liu made the remarks at a routine press briefing while commenting on the election process for the next World Bank president, as candidates for the position have been undergoing interviews.

China hopes the next president will further enhance developing countries’ rights to speak and represent themselves at the World Bank, and, therefore, make contributions to global poverty reduction and development, he added.

Liu said the election of the next World Bank president has been following the open, transparent and merit-based process for the first time.

The process reflects the G20’s consensus on international financial institutional reform and its substantive progress.

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Xinhua News Agency, founded on November 7, 1931, is China’s national news agency as well as a global news and information network. Xinhua has set up a global news and information gathering network, with headquarters in Beijing, 33 domestic bureaus in provinces, autonomous regions and municipalities plus the special administrative regions of Hong Kong and Macao, as well as 140 bureaus in the rest of the world. Xinhua is yet to set up a bureau in Taiwan, where it has posted resident correspondents. Xinhua provides its worldwide subscribers with news and financial information products in the forms of text, photo, graphics, audio, video, and mobile phone text messages 24 hours a day in eight languages: Chinese, English, French, Russian, Spanish, Arabic, Portuguese and Japanese.

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