Board of Governors
The Board of Governors of the World Bank, consisting of 188 member countries, ended the Gentlemen’s Agreement for the US to appoint the President of the World Bank in April 2010. Karen Hudes warned US Congress and the US Treasury Department in 2007 that this would happen if the US President of the World Bank continued to break the rules.
US Congress
US Congress wrote four letters about Karen Hudes’ case to the World Bank, but the World Bank stonewalled
Auditors
The US Goverment Accountability Office withdrew when the World Bank refused to cooperate. Karen Hudes sued KPMG in US District Court and the US Court of Appeals.
Media
The Media refused to tell the American public that the 66 year old Gentlemen’s Agreement for the US to appoint the World Bank President ended April 25, 2010
The National Advisory Council for International Monetary and Financial Policies (”NAC”).
The NAC, together with the US Securities and Exchange Commission and the 50 states, regulate the World Bank’s access to US capital market.
State Attorneys General
The attorneys general in the 50 states regulate World Bank bonds under blue sky laws.
Exporters
The World Bank financed over $1.6 billion in contracts from US exporters in the last 10 years.
Staff Association
The Staff Association’s Statement of Support said that staff were afraid to report wrongdoing after what happened to Hudes.
Corruption/WorldBank/ Whisteblower.Mp4
Senior Counsel for the World Bank legal department reports corruption to US Congress, the World Bank's other member countries and the public.
Jim Fetzer The Real Deal
European Parliament
I share the opinion expressed by the Members of the Commitee that it was very interesting and inspiring to learn about your case at the World Bank, ” said Luigi de Magistris, Chairman of the Committee on Budgetary Control.
UK Parliament
The House of Commons Select International Development Committee and Public Administration Committiee posted Karen’s written evidence on their websites.
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