This suggests that the United States of America has little inclination, if at all, of giving up its “traditional right” of appointing the President of the World Bank. Similarly, Europe appears disinclined to change with respect to its historical “entitlement” to appointing its national to the leadership of the Fund.
Deposit insurance A deposit insurance scheme was started in 2001. It covers deposits in approved banks up to KM 5,000. This is also helping return citizens’ confidence to the banks that qualify. Initially, two agencies were established, one in each entity. But in 2002, they were merged into a State Deposit Insurance Agency.