This issue is hotly debated now with the World Bank and the  BIS Review 91/2008  3  IMF, where, at least for the Fund, the next Managing Director will be appointed in a different manner than has been the case since its creation. •  How is accountability to be ensured?
Is that a matter solely for the Board, or the shareholders; at national level should there be a cross-party Parliamentary committee of scrutiny; and what do we envisage for our regional bank to safeguard probity and avoid even the suspicion of loose practice? •  What is transparency?